A possible ban by the European Union (EU) on aluminum imports from Russia will lead to a struggle between European and American consumers in the global market. It is stated in this material Reuters.
“European and American buyers will have to compete aggressively for Middle Eastern aluminum if the EU imposes a ban on metal imports from Russia,” said agency columnist Pratima Desai.
According to the agency, after the ban on imports from Russia, the aluminum deficit in the EU will be around 500 thousand tons. At the same time, the revival of domestic production and new agreements in the Middle East will not replace supplies from Russia.
As Reuters noted, the rise in non-ferrous metal prices will be comparable to the major crisis in 2018, when the United States imposed sanctions on the company RUSAL.
Before that, Izvestia newspaper WroteIt was stated that after the 13th sanctions package against Russia was accepted in the EU, statements were made that the next package was already discussed and could be adopted at the beginning of June.
political newspaper reportedHe reported that the EU aluminum producers’ association, supported by Lithuania, Latvia, Estonia and Poland, is pressuring Brussels to impose an embargo on imports of this metal from Russia within the scope of the 13th sanctions package.
Previously in Hungary taken into account The EU’s efforts to impose new restrictions against the Russian Federation are pointless.
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Source: Gazeta
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