EU sanctions on Russian alu will likely drive EU premiums higher

The LME 3mth alu price has bounced 4.

5% past two days but its a far cry from 2022 impacts. The 3mth aluminum price has bounced 4.

5% (+96 USD/ton) to USD 2256.

5/ton on news that the EU is considering an embargo on Russian aluminum.

It’s a notable gain amid an otherwise lukewarm and bearish energy complex where.