Aluminium posts near 12 pct weekly jump on Rusal sanctions

16.04.2018

Aluminium hit a six-year high on Friday and posted its biggest weekly gain since the current contract was launched, after the United States imposed sanctions on Russia’s UC Rusal, the world’s second-biggest producer.

Traders have scrambled to stockpile aluminium this week, given concerns that the removal of Rusal metal from the...