Cases against Russia hit the British

16 April 2018, 22:21 | Economy
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At the London Metal Exchange panic: the cost of aluminum rose to a maximum of the last 6.5 years. Because of the sanctions imposed by the United States against the Russian company "Rusal", traders fear a breakdown in supplies and a shortage of metal. The cost of futures for aluminum at auction on April 16 reached up to 2 thousand. 377.5 dollars per ton - to the level of 2011.

Experts predicted such a jump, since even without the imposed sanctions, prices for silvery metals have recently been steadily growing. On Tuesday, April 17, traders who try to sell aluminum to RUSAL at LME, it will not be necessary to prove that it was produced before April 6 (the day of introduction of US sanctions). Last week, the London Metal Exchange and CME Comex already announced the withdrawal of RUSAL products, and international agencies Moody's and Fitch withdrew the ratings of the debt securities of the Russian company, recalls "Prime".




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