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Early Sunday the Australian government announced it has banned exports of alumina, a key ingredient for aluminum production, to Russia, according to Reuters. This is part an ever-expanding list of sanctions Australia has placed upon Russia. In the announcement, the Australian government asserted that “Russia relies on Australia for nearly 20 percent of its alumina needs” and also stated “that the move will limit Russia’s capacity to produce aluminum.” Even though prices have dropped recently, consumers who are still concerned about their aluminum input costs might consider purchasing swaps or call options. Please note that doing so might incur losses if prices decrease. Please contact AEGIS for specific strategies that fit your operations. (3/21/22) |
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. |
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Today's Charts |
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AEGIS Insights |
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03/16/2022: AEGIS Factor Matrices: Most important variables affecting metals prices 03/16/2022: Russian Metals Production and Related News: Most Recent Developments (AEGIS Reference) |
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3/20/2022: Australia bans alumina exports to Russia, sources coal for Ukraine 3/18/2022: LME’s copper industry group recommends banning Russian metal |
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| Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program.
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