Aluminum prices, Alcoa jump on report LME could ban Russian metal
Aluminum prices on the London Metal Exchange soared on a report the exchange is taking a step to ban supplies from Russia. Aluminum rose 8% to $2294.50 per metric ton as Bloomberg News reported the exchange plans to launch a discussion paper on whether to block supplies of Russian metal to its warehouses. Nickel prices rose 3%. Alcoa shares jumped 7% in premarket trade.
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