Aluminum price climbs as Europe prepares ban on Russian imports
Aluminum prices on the London Metal Exchange rose 2% to $2,624.50 a ton.
OPTI Canada, a bankrupt oil sands producer, has agreed to sell itself to a wholly-owned subsidiary of the China National Offshore Oil Corporation, in a deal worth $2.1 billion, the company said on Wednesday.
Cnooc, as the Chinese oil giant is known, has been an active deal maker as it seeks to feed China’s ravenous demand for energy.
