In February, the aluminum market was in a state of flux, with discussions about potential sanctions against Russian aluminum by the EU and the USA making headlines and causing a short-term price increase of 80 dollars.

In January of this year, the renewed discussion on EU sanctions against additional Russian aluminum products caused unrest in the market. So far, almost all aluminum products could be imported into Europe without hindrance, thus financing the Russian war. The news caused the 3-month contract to rise by 100 USD/ton in the fourth week of the year. Nevertheless, due to a correction in the rally at the end of the previous year, the price decreased by a total of 150 USD/ton over the month. At the end of the month, the contract is now slightly above 2,270 USD/ton.