February 21st LME Closing: Metals Rise Across the Board, LME Aluminum at Three-Week High on Market Concerns of Supply Disruptions"
LME aluminum rose to a three-week high, aided by concerns over Russian aluminum supply. US President Biden stated on Tuesday that the US will announce a package of major sanctions against Russia on Friday. Sanctions will target Russia's defense and industrial base. Traders anticipate that the US announcement of sanctions against Russia in response to the death of opposition leader Navalny could lead to supply disruptions.

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