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Europe to battle with US for aluminium if EU opts for Russian ban

Posted on AllSides March 4th, 2024
From The Center
REUTERS/Dado Ruvic/Illustration/File Photo

European and U.S. buyers will compete aggressively for Middle Eastern aluminium if the European Union bans Russian metal in coming months, sparking price rises reminiscent of 2018 when sanctions were imposed on Rusal.

A race for aluminium from Middle Eastern countries, including the United Arab Emirates and Bahrain, will fuel inflation for Western companies in the transport, packaging and construction industries - already facing high raw material and payroll costs.

Aluminium is a key ingredient for electric vehicles. Significantly lighter than steel, it is now the metal of choice in...

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