Commodities Overview

Commodities Overview

Commodities Weekly Wrap

13 April, 2018

Sanctions on Russia send aluminium soaring

Geopolitical concerns intensified this week and led to sharp increases in those commodities at risk of disruptions to supply. In particular, the price of aluminium surged following the announcement of US sanctions on the world’s second largest producer, Rusal. Oil was also up strongly on news of a chemical weapons attack in Syria, which raised the prospect of Western military intervention, and missile attacks by Yemen’s Houthis, which appeared to be targeting oil infrastructure in Saudi Arabia.

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