Aluminium Plunges, Rusal Shares Soar As U.S. To Lift Sanctions

The U.S. Treasury said it will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminium giant Rusal and its parent En+, watering down the toughest penalties imposed since Moscow's 2014 annexation of Crimea.

London aluminium prices sank to a 16-month low after the U.S. Treasury's announcement, while shares in Rusal, the world's largest aluminium producer after China's Hongqiao, surged to an eight-month high.

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