23 OCTOBER 2024AlCircle.com
Is the EU treading a perilous path with its aluminium bans on Russia, potentially triggering a chain of economic and geopolitical repercussions?
Edited by : Pratyusha Chatterjee
5 min read
Amidst the chances of importing from intensively limited sources, the European Union (EU) is reconsidering banning Russia as its aluminium supplier.
The immediate result?
Small and medium-sized business entities, which rely on close to 70 per cent of turnover and 92 per cent of employment in the European aluminium sector, dissolve within a short period; simultaneously, prices spike roof-high due to the demand-supply gap.
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