Aluminium soars as sanctions force top exchanges to block Rusal

Aluminium headed for the highest close since January, extending its hottest three-day streak since 2009, after top exchanges said they’ll stop accepting metal from United Co. Rusal, deepening supply fears after the US slapped sanctions on the Russian group. The metal advanced 1.4% to $2 231 a metric ton on the London Metal Exchange by 2:56 p.m. in Shanghai. That follows a 10% jump since Friday as investors bet that US measures against billionaire Oleg Deripaska’s group would slash global supplies. Both the LME and CME Group’s Comex have said they won’t allow new deliveries of Rusal metal.