U.S. Softens Stance on Rusal Sanctions; Aluminum Plunges

Gold Silver Reports (GSR) – U.S. Softens Stance on Rusal Sanctions; Aluminum Plunges – the first time, the U.S. Treasury discussed a path for lifting the sanctions on Rusal, saying it would provide relief if Oleg Deripaska relinquished control. It also extended the deadline for companies to wind down dealings with the Russian aluminum producer by almost five months.       

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Base Metal Prices Today

Braking News; Base Metals Drift Lower on LME; Novelis No Longer Purchasing Aluminium from Rusal; China to ban Category 7 Copper Scrap Imports by Year End

The latest Base Metals news and price moves to start the Asian day on Friday April 20.          

Base metal prices on the London Metal Exchange were lower at the close of trading on Thursday April-19-2018 despite aluminium volumes reaching a recordHigh of 41,000 lots. Read more in our live futures report.          

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Metals Gripped by Turmoil as Rusal’s Sanctions Fallout Spreads

Gold Silver Reports (GSR) – Metals Gripped by Turmoil as Rusal’s Sanctions Fallout Spreads — Consumers, manufacturers and traders are scrambling to secure supply cut off by Rusal, the largest aluminum producer outside China. Aluminum reached a six-year high and nickel jumped the most since 2009. Alumina, a raw material needed to make aluminum, notched a fresh record.

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MCX Aluminium Market Report, April 18, 2018

Neal Bhai Reports (NBR) – MCX Aluminium Market Report – Aluminium on MCX settled up 1.53% at 159.15 gained in late session while prices dropped in the morning session took a breather but was expected to resume its rally as U.S. sanctions disrupt supplies from the world’s No. 2 producer Rusal.

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