SHFE aluminium falls, Rusal shares rise on eased US sanctions -Shanghai Metals Market

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SHFE aluminium falls, Rusal shares rise on eased US sanctions 

Price Review & Forecast 05:43:03PM Apr 24, 2018 Source:SMM

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

Key Words:  LME aluminium   US sanctions   Rusal 

SHFE aluminium falls, Rusal shares rise on eased US sanctions 

Price Review & Forecast 05:43:03PM Apr 24, 2018 Source:SMM

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

Key Words:  LME aluminium   US sanctions   Rusal