06 FEBRUARY 2025AlCircle.com
EU’s sanction on Russia heats up aluminium price in transnational market
Edited by : Pratyusha Chatterjee
6 min read
European Union’s sanction against Russia has unfolded numerous speculations about future trade scope among countries and continents. The EU’s proposal states a one-year phase-in period, with 275,000 tonnes exempted during this transition. This would mean a further decline in the import of Russian primary aluminium. On the one hand, in 2023, 500,000 tonnes were imported from Russia into the EU, on the other, the figure declined to 330,000 tonnes in the period of January to November 2024. The ripple effect of the uncertainty around the trade front has inevitably hit the market pricing segment as well.
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