Explainer: Will market mayhem erupt if US bans Russian aluminum?
Global aluminum prices soared after news the Biden administration is considering an effective ban on Russian imports of the metal used in transport and construction.
Moscow wants to protect its defence and construction industries from further growth in raw materials costs as prices for metals rise at a global level.
While prices of industrial metals have rocketed as the world moves away from fossil fuels, future price rises are likely to be limited to a select few energy transition ingredients.