UNRIF News and Press, United RUSAL From 03/22/22

Based on new hopes for a peaceful Ukrainian/Russian resolution to their nearly month-long war, the world is cautiously optimistic. Although China has been trying to help Russia avoid economic sanctions, China is struggling with its own debt problems from Evergrande, slowing economic g...

The epic squeeze in the nickel market has seen other base metals caught in the slipstream amid a margin crunch and broader risk-off sentiment. LME aluminium 3M contract prices hit a record US$4,073/tonne on March 7, and were hovering around US$3,400/tonne on Monday. Meanwhile, alu...

Rio TInto (NYSE:RIO) -5.9% pre-market after saying it is terminating all commercial relationships it has with any Russian business, the latest in a wave of major natural resource companies to cut ties with the country. Rio has no operational assets or employees located in Russia or Ukraine, b...

War in Ukraine has fanned the flames of the metals market which was already stretched. There is still significant uncertainty and confusion around the various sanctions on Russia. If there is no quick de-escalation, upside risks will dominate especially for those with larger expos...

In this article, I'm going to take a look at several companies that are likely to see significant negative impact from the Russian crisis. You can expect these companies to suffer both short-term and long-term as the implications of their Russian exposure becomes clearer to the market...

The SWIFT ban applies to about 70% of Russia’s banking activities. Notably, oil and natural gas payments are excluded. Russia is a major supplier of base metals to Europe, and these have seen price rises to levels not seen in a decade. Plus, the rise in natural gas prices will ...

Alcoa (NYSE:AA) +3.1% pre-market, looking to continue its scorching gains with aluminum prices surging to yet another record peak, as the war in Ukraine intensifies the threat of commodity supply disruptions from Russia. According to Reuters, three-month aluminum (LMAHDS03:COM) on the London ...

Stoxx, which operates Deutsche Boerse's Qontigo indices, plans to remove 61 Russian companies from its indices, the Financial Timesreports, in response to Russia's invasion of Ukraine. The list of companies includes Gazprom (OTCPK:OGZPY -10.9%) (OTCPK:GZPFY +5.4%), Sberbank (OTCPK:SBRCY +11.2...

Alcoa (AA +6.1%) shares surge as much as 14% to an all-time high $85.73 before paring gains, as aluminum prices extend their recent rise as financial sanctions on Russia for invading Ukraine prompt concerns about supplies. London Metal Exchange benchmark aluminum (LMAHDS03:COM) recently was +...

London aluminum prices jump to another all-time high, reaching as high as $3,525/metric ton before trimming gains to $3,416/ton, +1.7%, amid increased Western sanctions including blocking some Russian banks from the SWIFT international payments system. Century Aluminum (CENX +2.1%) pops to a ...