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Aluminum Falls, Nickel Eases After Russian Metals Escape Curbs
Aluminum slid and nickel pared earlier gains after a package of US sanctions omitted any major curbs on Russian industrial metals. The action announced on Friday included measures against more than 500 people and entities linked to Russia’s war machine, but left the country’s base metals industries unscathed. The two metals had been buoyed this week by expectations that the package might put pressure on supplies. Nickel, which had steadily gained this week in anticipation of the sanctions news, pared an earlier advance of as much as 1.2% to trade just 0.3% higher. Aluminum retreated as much as 1.1% on Friday. In ... (full story)