marketcrash
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debtcollapse
aluminum
02/09/2023
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By Belle Carter
SUPPLY CHAIN SILLINESS: Biden to slap 200% tariff on Russian aluminum to “commemorate” Ukraine invasion anniversary
President Joe Biden is planning to slap a 200 percent tariff on Russian-made aluminum soon. This is to ramp up the pressure on Moscow over its war in Ukraine as the anniversary of the invasion nears. “It’s something we are considering,” a U.S. official said, but noted that the announcement about any tariff increase is not […]
02/08/2023
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By JD Heyes
Biden set to implement 200% tariff on Russian aluminum, which will worsen U.S. inflation
During his State of the Union Address on Tuesday, Joe Biden tried to claim that his economy was a success by lying about job ‘creation’ and downplaying inflation — though the latter would not even be a problem were it not for his economic policies and those of Democrats in Congress. At the height of […]
01/18/2023
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By Arsenio Toledo
Aluminum price forecasts surge due to higher demand in Europe and China
Goldman Sachs has raised its price forecasts for aluminum in reaction to higher demand for the metal in Europe and China. But the Wall Street finance giant also warned that this increased demand could lead to supply shortages. In the London market, aluminum is expected to average $3,125 a ton this year, according to Goldman […]
10/20/2022
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By Lance D Johnson
The SHUTDOWNS continue in 2022: Aluminum, copper, iron, steel production being shuttered at alarming rate
In 2020, global shutdowns were advertised, pushed and praised by government officials and multinational organizations around the world. Ultimately, as communist ideals and decrees seeped into the fabric of society, these lockdowns were rejected by the majority of the people. However, in 2022, the SHUTDOWNS have been taking place discreetly, stealthily, as entire industries come […]
09/07/2022
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By Mike Adams
FORCE MAJEURE: Massive global shutdowns are now under way for METALS SMELTING operations covering iron, copper, nickel, aluminum, zinc and STEEL
Without metals and industrial elements — steel, copper, aluminum, iron ore, nickel, zinc, titanium, etc. — human civilization cannot exist. Nearly all manufacturing is dependent on metals for industrial processes. Even plastics cannot be made without metals for the injection molding, and aluminum and copper are required for all electrical systems, both commercial and residential. […]
03/24/2022
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By Kevin Hughes
Aluminum prices soar as Australia hits Russia with alumina export ban
Australia recently hit Russia with alumina export ban. The move by the world’s top alumina exporter immediately sent aluminum spot prices soaring. Following the ban’s announcement on March 21, Australia’s top alumina refineries stopped shipping alumina to Russia’s United Co. Rusal International PJSC, the world’s second-largest aluminum company by production output. Rusal has a 20 percent share […]
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 […]
10/15/2021
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By Ramon Tomey
Aluminum prices jump to 13-year high; extreme power requirements for manufacturing prompts China to halt production
Prices for aluminum have risen to a 13-year high amid the ongoing energy shortages worldwide. These energy shortages across China have resulted in China’s halting of aluminum production, given the extreme energy inputs required to purify and manufacture aluminum. China’s move carries repercussions for many other industries that use processed aluminum for their products. Aluminum’s price […]
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