US sanctions on Rusal may shift global aluminium supply landscape-Shanghai Metals Market

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US sanctions on Rusal may shift global aluminium supply landscape

Price Review & Forecast 11:05:15AM Apr 10, 2018 Source:SMM

SHANGHAI, Apr 10 (SMM) – US sanctions on major Russian aluminiumproducer Rusal are not expected to lead to a global shortage, SMM believes.

LME aluminium jumped 2% on Monday April 9 to close at $2,082/mt as the market was concerned over Rusal’s supply of 7% of global aluminium, according to brokerage firm Argonaut.

Its data also showed that Rusal accounted for about 7% of global alumina output and 4% of global bauxite supply.

While the move will not cause a shortage, SMM senior analyst Liu Xiaolei believes it is likely to have an impact on the global aluminium supply landscape.

It remains unclear if US buyers will be able to find a substitute for their aluminium ingot demand. Spot premiums for North America are also likely to rise in a tighter market.

Liu added that LME aluminium prices are set to be supported in the short term.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

 

Key Words:  aluminium   Rusal 

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US sanctions on Rusal may shift global aluminium supply landscape

Price Review & Forecast 11:05:15AM Apr 10, 2018 Source:SMM

SHANGHAI, Apr 10 (SMM) – US sanctions on major Russian aluminiumproducer Rusal are not expected to lead to a global shortage, SMM believes.

LME aluminium jumped 2% on Monday April 9 to close at $2,082/mt as the market was concerned over Rusal’s supply of 7% of global aluminium, according to brokerage firm Argonaut.

Its data also showed that Rusal accounted for about 7% of global alumina output and 4% of global bauxite supply.

While the move will not cause a shortage, SMM senior analyst Liu Xiaolei believes it is likely to have an impact on the global aluminium supply landscape.

It remains unclear if US buyers will be able to find a substitute for their aluminium ingot demand. Spot premiums for North America are also likely to rise in a tighter market.

Liu added that LME aluminium prices are set to be supported in the short term.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

 

Key Words:  aluminium   Rusal