Aluminum peaked on Monday on the LME at 2,728 dollars per tonne and copper at 9,640.50 dollars, records since June 2022. Nickel, for its part, climbed to its highest price since September, at 19,355 dollars.
per ton. This price increase comes after Washington's announcement on Friday of a ban on the importation into the United States of aluminum, copper and nickel of Russian origin, as part of additional sanctions taken with the United Kingdom. Metals are Moscow's main export product after energy, although their value has declined since Russia's invasion of Ukraine, the British government detailed in a separate statement on Friday. These exports represented $25 billion in 2022 before falling to $15 billion in 2023 “due to the efforts of the G7 and its allies to restrict the market,” it was specified. “Metal exchanges play a central role in facilitating the trade of industrial metals around the world,’ the US Treasury said.