![]() The war is prompting much of the western world to impose harsh sanctions on the country, attempting to choke out the Russian economy. In the wake of the Russian invasion of Ukraine, though, supply chains have been disturbed and ethical dilemmas have piled up. Russian aluminum manufacturer Rusal is the world’s second-largest producer of the metal. imports from Russia are low, though, the country remains dominant in the aluminum industry. The country does also receive imports from Russia about 10% of the U.S.’s aluminum comes from the Eastern European nation. include Canada, China, Mexico, the UAE, Bahrain and Thailand. The largest exporters of aluminum to the U.S. The metal is used in building materials, airplane and car parts, kitchen utensils, appliances, military applications and more.Īs a result of its versatility and wide uses, America has a high demand for the material, both manufacturing its own aluminum via private companies and importing the metal through a number of countries. While not a precious metal, it is a very valuable material as a result of its conductivity, lightweight, and recyclability. aluminum companies, and that excitement is reflected in fluctuating market prices.Īluminum is a massively important commodity. This news is showing some big potential for U.S. It appears that President Joe Biden’s administration is considering a potential ban on Russian aluminum. Aluminum stocks are on the rise today thanks to new reports on the United States’ international trade drama. ![]()
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