- Aluminum prices are heading for their best week in at least three decades, soaring as much as 15.7% to $2,325 per metric ton, as U.S. sanctions on major Russian producer Rusal (OTC:RUALF) sent buyers scrambling to find supplies.
- Short term price hikes won't do much to affect the cost of the consumer goods, but if aluminum remains expensive, companies will eventually look to raise prices on products that use the metal.
- Related tickers: AA, CENX, KALU, CSTM
- ETFs: JJU-OLD, FOIL