The markets fear shortages of these strategic materials, of which Russia is a major producer.
Oil, which exceeded 106 dollars a barrel of Brent in the session on Tuesday, or gas are not the only resources that have seen their prices jump since the invasion of Ukraine by Russia.
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The price of raw materials, such as aluminum or palladium, for which Russia dominates global supply chains, is soaring. The markets fear or act on production cuts linked to the sanctions imposed on Russia. The United States, the European Union and other developed countries have decided to penalize the Russian Central Bank and exclude other banks from the Swift messaging system, used for most international payments. This significantly complicates the sale of Russian raw materials on the world market.
Aluminum thus reached 3,531 dollars per ton on Tuesday (+ 4.82%), breaking new historical records. Russian production represents 6% of the world’s supply, while, from aeronautics to construction and the food industry…
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