Aluminum traders had seen this movie before back in 2018, when US sanctions on Rusal's owner Oleg Deripaska caused massive upheaval along the entire length of the global supply chain.
Deal between Indonesian state miners could terminate a contract to build an alumina smelter with its engineering, procurement, and construction contractor, due to lack of progress.
Europe's power crisis, production cuts and shortages of aluminum have left consumers in a quandary about Russian supplies of the metal vital for the region's transport, construction and packaging industries.