US lifts Rusal sanctions; aluminium prices fall; supply to increase

The US government’s widely expected decision late Sunday to lift sanctions on Russia’s UC Rusal, one of the world’s biggest primary aluminum producers, led to a noticeable fall in the LME primary aluminum price. Traders are pointing to the possibility of bigger falls in future, as it is unclear how quickly material stockpiled at Rusal […]

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IEA warns oil producers of bleak future

Paris-based International Energy Agency (IEA) said in a report that the world’s largest oil producing nations are under unprecedented pressure to cut their reliance on energy revenues amid advances in fuel efficiencies and that electric vehicles threaten to undercut demand and erode their finances. In disconcerting news for major oil producing countries, particularly production heavyweights Saudi Arabia […]

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