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03/23/2022
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By Mary Villareal
Aluminum prices soar as Australia bans alumina exports to Russia
The ban on alumina exports to Russia has added more pressure on aluminum giant United Co. Rusal International PJSC. Moscow-based Rusal shares dropped after Australian Prime Minister Scott Morrison announced that the country is immediately banning exports. Australia supplies almost 20 percent of Russia’s alumina, which is a key ingredient for producing aluminum. Its exports of […]
03/22/2022
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By Kevin Hughes
Biden wants Americans to buy electric cars made with Russian aluminum
United States President Joe Biden and Transportation Secretary Pete Buttigieg were recently mocked by conservatives for suggesting that working-class Americans scrambling to pay the soaring oil prices should consider acquiring an electric vehicle (EV) instead. Yet, this easy solution supported by Democratic elites might just be even more unreal considering the current financial situation of many Americans. It turns […]
02/24/2022
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By Mary Villareal
Aluminum and nickel, other commodity prices rise following Russia’s move on Ukraine
Aluminum and nickel prices spiked after Russia moved troops to two areas in Ukraine and declared them as independent regions. Aluminum prices, which were at $3,270 per ton on February 21, jumped 3.67 percent to around $3,390 the following day. Meanwhile, nickel, which was trading at $24.350 per ton, jumped 3.9 percent to $25,300 on […]
10/28/2021
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By Ramon Tomey
Gold prices projected to hit $3K per ounce within a few months – analyst
Market experts have predicted that gold prices will hit the $3,000 mark within a few months. The prediction comes as prices of gold remain stable while prices of other metals soar to highest levels in years. With the projected price hike, gold is set to be impacted by inflationary pressure. Bloomberg reports that two mining bigwigs […]
10/27/2021
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By Zoey Sky
Nickel prices skyrocket to 7-year high amid supply chain crisis
Nickel prices have skyrocketed amid dwindling supply concerns, sending prices in London to a seven-year high. The silvery-white metal is commonly used to make stainless steel and other alloys stronger. It also increases their ability to withstand extreme temperatures and corrosive environments. In 2011, at least 80 percent of the primary (not recycled) nickel consumed in America was used in alloys […]
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