BEIJING: Aluminium and nickel futures jumped to multi-month highs on Monday following fresh sanctions by the U.S. and UK targeting Russian metals.
Russia is a major producer of aluminium and nickel. It also produces copper and some other metals.
Three-month aluminium on the London Metal Exchange (LME) jumped 5.2% to a 22-month high of $2,624 per metric ton by 0440 GMT.
The LME nickel contract advanced 3.6% to $18,445 per ton, the highest since September 2023.
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