Rusal’s Aluminum Spot

- Apr 17, 2018 -

The new culprit in the skyrocketing aluminum prices is that apart from China, the world’s largest aluminum producer, RUSAL (00486), has received a new round of economic sanctions from the US Trump administration, triggering concerns about the outlook for supply. The huge aluminum spot inventory of the "Russian" label has now become the "hot potato" in the eyes of financial institutions and commodity traders.

Rusal’s aluminum spot, which accounts for one-third of the global warehouse inventory that monitors and delivers on the London Metal Exchange (LME), currently exceeds $3 billion.

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