Russia raises aluminum exports to China to near record levels as sanctions bite

Aluminium Dunkerque Industries France will begin shutting down a portion of its production pots next Monday.

Warehouse stockpiles tracked by the LME jumped by 11% on Tuesday, the biggest increase since February.

Strong dollar and worries over economic growth overshadowed production cuts in Europe.

A division of Norsk Hydro supplying aluminum products to industries including auto and construction will exclude Russian metal from deals to buy aluminum for 2023.

Aluminum production in Europe has dropped to the lowest levels since the 1970s.

One of Mumtalakat Holding's assets is Aluminium Bahrain, the world's largest aluminium smelter outside of China.

Company is Netherlands' only producer of primary aluminum.

Existing Novelis contracts that allow for the supply of Russian metal won’t be affected by the new conditions.

Two more European aluminum smelters are powering down as the region's energy crisis shows no signs of abating.