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.
South African coal miners started wage talks with unions and a mediator on Wednesday in a bid to prevent stoppages that could threaten supply to power plants and limit exports, while a fuel sector strike threatening the economy entered its tenth day.
Africa’s largest economy relies on coal for almost all its power, but state-owned utility Eskom has said it has enough coal in stock to last 41 days, so a strike would have to be lengthy to affect its operations.
