United States is planning to further sanction Russia by banning the purchase of its aluminum. The White House is considering the following three options: a direct ban, an increase in tariffs to levels that would de facto be a ban, and sanctioning , United Co. Rusal International PJSC, the main Russian aluminum producer.
As a reaction to the plan, the aluminum price increased by 7%. the shares of Alcoa, the main US producer, jumped 8%.
Aluminum is a very important industrial metal. Sanctioning it, will probably go the same way as oil or natural gas.
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