1 BILL ON MINE REHABILITATION TO BE DRAFTED WWW.MONTSAME.MN PUBLISHED:2018/10/23      2 GER DISTRICT HOUSEHOLDS TO ENJOY NIGHTTIME TARIFF DISCOUNT FROM NOVEMBER 1 WWW.MONTSAME.MN PUBLISHED:2018/10/23      3 PRESIDENT MEETS WITH ROBERTO AZEVEDO, DIRECTOR-GENERAL OF THE WORLD TRADE ORGANIZATION WWW.MONTSAME.MN PUBLISHED:2018/10/23      4 THE ULTIMATE LUXURY GERS IN MONGOLIA'S EXPANSIVE GOBI DESERT WWW.FORBES.COM PUBLISHED:2018/10/23      5 MEETING WITH ARANCHA GONZALEZ, EXECUTIVE DIRECTOR OF THE INTERNATIONAL TRADE CENTER WWW.PRESIDENT.MN PUBLISHED:2018/10/23      6 2019 BUDGET PLAN BRINGS ATTENTION TO FUTURE HERITAGE FUND WWW.ZGM.MN PUBLISHED:2018/10/23      7 SUB-REGIONAL WORKSHOP BY UNCTAD AND ITTLLDC SUCCESFULLY ORGANIZED IN ULAANBAATAR, MONGOLIA WWW.NEWS.MN PUBLISHED:2018/10/23      8 B.BATZORIG: DOMESTIC NEED OF WHEAT AND POTATOES TO BE FULLY ENSURED WWW.MONTSAME.MN PUBLISHED:2018/10/23      9 CHINA STOCKS SEE BIGGEST SPIKE SINCE 2015 WWW.BBC.COM PUBLISHED:2018/10/22      10 JAPAN FINDS ITSELF BURIED IN PLASTIC WASTE AFTER CHINA STOPS IMPORTING WORLD’S TRASH WWW.RT.COM PUBLISHED:2018/10/22      УЛСЫН ТӨСВИЙН ХӨРӨНГӨ ОРУУЛАЛТААР 2.1 КМ АВТО ЗАМЫГ ДӨРВӨН ЭГНЭЭ БОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/10/23     ДАРХАНЫ ЗАМЫГ ШИНЭЧЛЭН САЙЖРУУЛАХ ТӨСЛИЙГ ИРЭХ ЖИЛ ХЭРЭГЖҮҮЛНЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/10/23     УЛААНБААТАР, БЭЭЖИН ХОТУУД АГААРЫН ЧАНАРЫГ САЙЖРУУЛАХ ЧИГЛЭЛД ХАМТРАН АЖИЛЛАНА WWW.UNUDUUR.MN НИЙТЭЛСЭН:2018/10/23     "АГААРЫН БОХИРДОЛ БУУРУУЛАХЫН ТУЛД НИЙТ 104,7 САЯ АМ.ДОЛЛАРЫН ЗЭЭЛ АВСАН" WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/10/23     ХАРИУЦЛАГА АЛДСАН АЛБАН ТУШААЛТНУУДАД АРГА ХЭМЖЭЭ АВАХАА “ДЦС-4”-ИЙН ШИНЭ ЗАХИРАЛ МЭДЭГДЭВ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/10/23     ГАШУУНСУХАЙТ АВТО ЗАМ ХХК: ДАВАА ГАРАГТ ГАШУУНСУХАЙТ БООМТООР НҮҮРСНИЙ 1143 АВТОМАШИН ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/10/23     ИРЭХ ОНД ТӨВИЙН ЗУРГААН ДҮҮРЭГТ 48 ЦЭЦЭРЛЭГ, 11 ӨРГӨТГӨЛ АШИГЛАЛТАД ОРУУЛНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/10/23     ЕТГ: “ДЭЛХИЙН ЭКСПОРТЫГ ДЭМЖИХ ФОРУМ”-ЫГ МОНГОЛД ЗОХИОН БАЙГУУЛАХЫГ ОУХТ ДЭМЖИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/10/23     ЭДИЙН ЗАСАГ НЬ ХАМГИЙН ХУРДТАЙ ӨСӨЖ БУЙ Ч АГААРЫН ЧАНАРААР СҮҮЛ МУШГИЖ БУЙ УЛС WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/10/22     МОНГОЛБАНК: FATF-ИЙН "СААРАЛ ЖАГСААЛТ”-Д ОРВОЛ САНХҮҮГИЙН СИСТЕМД ХҮНД ЦОХИЛТ БОЛНО WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/10/22    

German car producers could fall victim to US sanctions against Russian aluminum www.rt.com

Sanctions against top Russian aluminum producers are likely to hit European car production, according to Germany’s WVMetalle, a lobbying group for 655 metals companies.
The group says unless actions are taken, many car plants in Germany and Europe will be closed, and others will face supply disruption, Bloomberg reports.

“Re-jigging all of those trade flows is really, really tough. You’ve cut off the US and Europe from its traditional supplier,” Michael Widmer, head of metals markets research at Bank of America Merrill Lynch in London, told Bloomberg.

The crucial plant for Europe is Russia’s RUSAL facility in the Aughinish aluminum refinery in Ireland. The aluminum from the plant is sold to smelters across Europe. “Aughinish is indispensable for the alumina supply of the European market,” WVMetalle said.

Aluminum prices have surged almost 30 percent in the last two weeks to $2,537 – the highest level in seven years. Earlier in an interview with RT, Russia’s aluminum association predicted the same consequences as the German lobbying group did.

“The high price of aluminum, which is the result of the largest player's withdrawal from the market, will slow economic growth and affect the competitiveness of export-oriented European industries like the automotive industry and other transport engineering. Germany could suffer the most,” the association said.



Published Date:2018-04-20