Aluminum prices rise after U.S. sanctions Russian producer
A worker watches an aluminum slab getting lifted in a foundry operated by Rusal. Photo: Andrey Rudakov / Bloomberg via Getty Images
What it means: The prices are likely climbing on expectations that the sanctions will result in a smaller supply of aluminum worldwide, as Rusal produces 7% of the world’s aluminum. Meanwhile, Karen McBeth, content director of Metals Pricing at S&P Global, told MarketWatch that the sanctions could have a "lasting" effect on aluminum pricing in the U.S.