Aluminum and nickel have rocketed higher on the London Metal Exchange.
Traders responding to new US and UK sanctions:
- these ban deliveries of any Russian supplies produced after midnight on Friday
–
Aluminium has jumped the most since 1987.
This’ll feed through to CPI via PPI (higher price for industrial inputs).
This article was written by Eamonn Sheridan at www.forexlive.com.
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