Aluminium prices soar after UK and US ban Russian metals trade
Aluminium prices rocketed to a record level following the UK and the US's decision to ban the trade of Russian metals to "prevent the Kremlin funnelling more cash into its war machine". At one stage in early morning trading, aluminium was up more than 9% on the London Metal Exchange (LME), the biggest rise seen since trading started in 1987. Nickel prices also rose, at one stage gaining more than 8%. Both metal prices later fell back. Hopes ban will tighten Russia's purse for war financingThe UK and US took the decision at the weekend to put sanctions in place against Russia on new production ...