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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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January 2019 | Aluminium Weekly Market Tracker


Market participants eyeing on the upcoming trade talk between the US and China: Market Summary and Analysis


The US Office of Foreign Assets Control (OFAC) announced on Monday this week that it has lifted sanctions on Rusal and other Russian firms linked to Oleg Deripaska, despite a Democratic-led push in the US Congress to maintain the restrictions.

Market participants eyeing on the upcoming trade talk between the US and China The weekly average LME aluminium cash price was $1,861 per tonne last week, up 2.5% from previous week's $1,816 per tonne. This week, global risk sentiment will gyrate according to US-China trade developments, with great focus on high level meetings between China's delegation, led by Vice Premier Liu He, and US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin at Washington on Wednesday and Thursday. OFAC lifted Rusal sanctions The US Office of Foreign Assets Control (OFAC) announced on Monday this week that it has lifted sanctions on Rusal and other Russian firms linked to Oleg Deripaska, despite a Democratic-led push in the US Congress to maintain the restrictions. The measure follows its notice to Congress on December 19 where OFAC said it intended to lift the sanctions, given that the three companies had reduced Deripaska's...

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