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Aluminum prices reach $3000 because of anti-RusAl sanctions

Aluminum prices reach $3000 because of anti-RusAl sanctions

In Thursday, aluminum prices have jumped to $2600 per ton – the highest price for last 10 years. Analysts warned about new growth of metal’s deficit because of US sanctions against Russia, including the world’s largest producer – RusAl. Aluminum prices has grown up since sanctions implementation and continues to grow.

Rio Tinto Group, the Australian-British mining company, informed about possible reduction of the production’s volumes.  Rio Tinto is a world’s third mining company. The unreliability of her work depends on the supply of aluminum from RusAl.

Considering sanctions pressure to world’s metal market, Alcoa Corp Company warned about serious problems with aluminum and raw materials for its production in near future. Goldman Sachs and CRU Group analysts say, that price of 1 ton of aluminum may reach $2800-3000 soon.