SHFE aluminium falls, Rusal shares rise on eased US sanctions

Published: Apr 24, 2018 17:43

Save

SHFE aluminium prices fell throughout the day on Tuesday April 24 and closed 3.7% lower as the US Treasury Department signalled it may ease the sanctions against Russian aluminium producer Rusal.

SHANGHAI, Apr 24 (SMM) – SHFE aluminium prices fell throughout the day on Tuesday April 24 and closed 3.7% lower as the US Treasury Department signalled it may ease the sanctions against Russian aluminium producer Rusal.

Rusal’s share prices in Hong Kong soared 41% in the afternoon, marking the biggest jump in history. Nickel prices, on the other hand, looked set to return to fundamentals as speculations on the US sanctions softened.

The US Treasury on Monday extended the time limit for US and non-US citizens to wind up business with Rusal by almost five months. It may also cut or lift the sanctions if Oleg Deripaska sold his stake in the company.

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

LME aluminium US sanctions Rusal

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 hours ago

UAE Global Aluminum’s Taweelah Plant Was Attacked and Severely Damaged

The Taweelah complex of Emirates Global Aluminium (EGA) in the UAE sustained severe damage in Iranian missile and drone attacks. Damage assessment work is currently ongoing at the complex, which is located in Khalifa Economic Zones Abu Dhabi.

10 hours ago

14 hours ago

Abnormal Inventory Accumulation of Aluminum Ingots in South China in Mid-to-Late March [SMM Analysis]

Entering the second half of March, regional divergence in China’s aluminum market became increasingly pronounced, with the divergence between inventory trends and spot price spreads in east China and south China intensifying. On the one hand, the nationwide post-holiday inventory buildup in aluminum gradually approached its end, inventory overhang pressure in east China continued to ease, circulation efficiency steadily improved, the inventory buildup momentum slowed down significantly, and.....

14 hours ago

Mar 27, 2026 23:01

Jiangmen Xinhui Industrial Park Launches Graphene-Coated Carbon Aluminum Foil Trial Production

Recently, the Jiangmen Xinhui Industrial Park (Fengshanhu New Energy Industrial Park) gained new momentum with the turnkey delivery and trial production launch ceremony for the graphene-coated carbon aluminum foil production site project, marking the project’s entry into the trial production stage. It is understood that the project involves a total investment of approximately 200 million yuan, covers an area of 50 mu, and has a total gross floor area of 33,000 m². Upon full completion, it will be capable of producing up to 48,000 mt of graphene-coated carbon aluminum foil annually. The project was invested in and constructed by Jiangmen Yingang New Energy Industrial Park Construction Co., Ltd., an enterprise under Jiangfa Group.

Mar 27, 2026 23:01