CRU Aluminum: Sanctions Pending on Russian Metal

News that the Biden Administration is considering a total ban on Russian aluminum imports lifted the market Tuesday afternoon, Oct. 11. The LME aluminum three-month price increased sharply to a high of $2,400 per ton before some of the gains were reversed by the close. The price saw some volatile shifts during the week but began moving higher again and was last seen trading at $2,360 per ton at the week’s end.