U.S. Markets close in 4 hrs 30 mins

Can China Step In after US Sanctions on Russia?

Mark O'Hara
Can China Step In after US Sanctions on Russia?

President Trump has imposed sanctions on some Russian entities, including RUSAL. The company was once the largest global aluminum producer and is still a major player in aluminum markets, accounting for almost 6% of global aluminum production. Not surprisingly, aluminum prices rose sharply after the sanctions. Before, aluminum prices briefly dipped below $2,000 per metric ton amid the US-China trade war.