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The price of aluminum rises because of the uncertainties with RusAl

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The price of aluminum rises because of the uncertainties with RusAl
January 16
13:00 2019

Aluminum began to rise again amid the uncertainty that appeared after the news about RusAl. It was said that the lifting of sanctions remained in question.

The contracts for the supply in three month have risen in price by almost 2%.
The US Senate is going to block Mr.Trump’s initiative to lift sanctions on three companies from the Russian Federation.

In January, the US Department of the Treasury is supposed to remove En +, RusAl and EuroSibEnergo from the black list. Oleg Deripaska has reduced the share in the companies.
According to the Wall Street Journal, Democrats will not be able to block the plans of the Ministry of Finance, since they will not receive the support of the Republicans.

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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