Uncertainty plagues US aluminium market after Russia sanctions

Market participants in the United States are grappling with the implications of sanctions placed on UC Rusal by the US Department of the Treasury on Friday April 6, with indications suggesting that aluminium supply should tighten in the coming months.

“There’s an extraordinary amount of uncertainty about what happens to Russian aluminium flows,” Michelle O’Neill, senior vice president of global government affairs and sustainability for Alcoa Corp and chair of the Aluminum Association, said during a press conference Wednesday April 11.
According to market participants who spoke during the press conference, the sanctions blocking Rusal from selling metal into the US could cause tightness in domestic primary aluminium supply - and eventually remove a sizable amount of material from the US market.

Some consumers reportedly have...

Published

Kirk Maltais

April 11, 2018

21:57 GMT