Aluminum Prices Soar By Record 8.5% As LME Weighs Ban On Russian Metals

The closer we get to year end, the more we are reminded of the turbulent days of February and March when commodity prices soared to record highs on fears Russian supplies would be permanently taken off the market. And while commodities as a whole are sharply below those levels, and in many cases are even down on the year, every now and then we get a reminder just how complacent the market has become when it comes to continued Russian commodity supplies. Today was such a day for aluminum, which soared by a record 8.5% on the London Metal Exchange…