United Company RUSAL (RUSAL), the second largest aluminum company in the world, was severely sanctioned by the US, so its export trade was limited. RUSAL’s exports of aluminum rails dropped sharply by 70% in April.
The Assistant Secretary of State recently said that the US would expand its sanctions against Russia until Russia stopped its aggressive move. Therefore, the current aluminum market remained an unstable situation.
However, the current US-China trade negotiations had a greater impact on the aluminum market. With some progress on the talks, the aluminum market was expected to get a little recovery gradually.
RUSAL's aluminum rail exports fall by 70% in Apr m-o-m
9 May 2018 11:52 reported by Joy Liu
- A
- A
- A