JJUB - Aluminum jumps to near two-year high after Deripaska Report

Aluminum prices (LMAHDS03:COM) soared in London following a Bloomberg report that European officials told the U.S. government that Russian billionaire Oleg Deripaska continues to exert control over Rusal, one of the world's top producers, in what the officials said was a breach of U.S. sanctions.Following the report, LME aluminum prices climbed as much as 2.2% to $2,079/ton, near the highest in two years.Aluminum-related names open with big gains: [[AA]] +5.8%, [[CENX]] +6.7%, [[ACH]] +9.2%, [[CSTM]] +5.4%.An assessment sent to U.S. officials earlier this year concluded that Deripaska retained significant day-to-day influence over Rusal and its parent, and used company resources and employees to support his personal business interests and the political agenda of the Kremlin around the world, according to the report.ETFs: [[JJU]], [[JJUB]]

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Aluminum jumps to near two-year high after Deripaska Report