It is noted that the US presidential administration is considering three possible scenarios: a complete ban, an increase in tariffs to a level that will lead to a ban, or the imposition of sanctions against United Co.

Rusal International, which produces metal.

“The corresponding move would have far-reaching implications for the global aluminum market, potentially forcing consumers in the US and elsewhere to rush to find a replacement for the metal,” writes Bloomberg.

The cost of aluminum on the London Metal Exchange (LME) last week rose to $2,400 per ton for the first time since August 31.

Earlier, the Czech representation in the EU announced that the European Union, as part of new sanctions against Russia, would introduce a ban on the import of steel and paper products, machinery, chemicals and plastic.