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Ukraine
03/24/2022
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By Kevin Hughes
Aluminum prices soar as Australia hits Russia with alumina export ban
Australia recently hit Russia with alumina export ban. The move by the world’s top alumina exporter immediately sent aluminum spot prices soaring. Following the ban’s announcement on March 21, Australia’s top alumina refineries stopped shipping alumina to Russia’s United Co. Rusal International PJSC, the world’s second-largest aluminum company by production output. Rusal has a 20 percent share […]
03/23/2022
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By Mary Villareal
Aluminum prices soar as Australia bans alumina exports to Russia
The ban on alumina exports to Russia has added more pressure on aluminum giant United Co. Rusal International PJSC. Moscow-based Rusal shares dropped after Australian Prime Minister Scott Morrison announced that the country is immediately banning exports. Australia supplies almost 20 percent of Russia’s alumina, which is a key ingredient for producing aluminum. Its exports of […]
03/15/2022
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By Ethan Huff
90% of America’s semiconductor-grade neon comes from Ukraine
A gas that is essential to the production of microchips could see supply disruptions amid the ongoing conflict in Ukraine. About 90 percent of the semiconductor-grade neon used by the United States to produce chips comes from Ukraine, it turns out. And with Ukraine already cutting off exports of wheat, some worry that neon could […]
03/15/2022
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By News Editors
Here’s why US threats against Russian gold reserves mean a monetary reset is imminent
“It’s possible to have more than one reserve currency.” (Article by Nick Giambruno republished from InternationalMan.com) These are the recent words of Jerome Powell, the Chairman of the Federal Reserve. It’s a stunning admission from the one person who has the most control over the US dollar, the current world reserve currency. It would be […]
03/14/2022
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By Kevin Hughes
Global markets in state of chaos due to Russia-Ukraine War
Many people thought that the global financial markets would not be affected by the Russia-Ukraine War. They were wrong. Investors have received a harsh warning during the past week with the stock prices plunging, commodity prices going absolutely crazy and a dark cloud of fear blanketing Wall Street. The war in Ukraine has forever transformed economic […]
03/10/2022
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By Ethan Huff
GLOBAL SHOCKWAVE: Russia announces plans to ban commodity exports following Western sanctions
Though he has not yet specified which goods will be restricted, Russian President Vladimir Putin has promised that some commodities and raw materials will soon be banned from export in response to Western sanctions against the Federation. In a decree issued Tuesday night, March 8, Putin gave the Russian cabinet two days to come up […]
02/24/2022
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By Mary Villareal
Aluminum and nickel, other commodity prices rise following Russia’s move on Ukraine
Aluminum and nickel prices spiked after Russia moved troops to two areas in Ukraine and declared them as independent regions. Aluminum prices, which were at $3,270 per ton on February 21, jumped 3.67 percent to around $3,390 the following day. Meanwhile, nickel, which was trading at $24.350 per ton, jumped 3.9 percent to $25,300 on […]
02/23/2022
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By Arsenio Toledo
Bitcoin’s value continues to shrink amid Russia-Ukraine conflict; investors turn to gold and silver
The values of Bitcoin and other cryptocurrencies are crashing as the crypto market reacts negatively to the escalation of tensions in Eastern Europe between Russia and Ukraine. Meanwhile, the trading prices of precious metals like gold and silver are surging like never before. This is according to financial analysts David Morgan and John Perez, who […]
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