Sanctions fallout upends metals as aluminum, nickel burst higher

The turmoil unleashed by US sanctions against United Co. Rusal reverberated in metals markets, sending aluminium and nickel to multi-year highs. Global metals markets have been rocked for the past two weeks by the clampdown on Russia’s Rusal, which set off a rush for alternative supplies and stirred concern that further US action could affect other markets like nickel.