1 CHINA BABY STOCKS SURGE AS GOVERNMENT CONSIDERS LIFTING BIRTH LIMIT WWW.BLOOMBERG.COM PUBLISHED:2018/05/22      2 FOREIGN MINISTER MEETS US SECRETARY OF STATE WWW.MONTSAME.MN  PUBLISHED:2018/05/22      3 MONGOLIA'S REINDEER HERDERS FEAR LOST IDENTITY UNDER HUNTING BAN WWW.REUTERS.COM PUBLISHED:2018/05/22      4 RIO TINTO WARNS MONGOLIA ON TAMPERING WITH RIGHTS TO COPPER MINE WWW.FT.COM PUBLISHED:2018/05/22      5 WORLD'S FIRST FLOATING NUCLEAR POWER PLANT REACHES RUSSIA'S ARCTIC FOR MAIDEN MISSION WWW.RT.COM PUBLISHED:2018/05/22      6 SONY BUYS CONTROLLING STAKE IN EMI RECORD LABEL WWW.BBC.COM PUBLISHED:2018/05/22      7 MONGOLIA PLANS TO LAUNCH US$16B INVESTMENT PROGRAMME WWW.REUTERS.COM PUBLISHED:2018/05/21      8 MONGOLIA KICKS OFF ECONOMIC FORUM ON PUBLIC-PRIVATE PARTNERSHIP WWW.XINHUANET.COM PUBLISHED:2018/05/21      9 EU ECONOMIES HIT BY COLLAPSE IN INVESTMENT WWW.RT.COM PUBLISHED:2018/05/21      10 CHELSEA OWNER ABRAMOVICH EXPERIENCES UK VISA RENEWAL 'DELAY' WWW.BBC.COM PUBLISHED:2018/05/21      ӨРГӨТГӨСӨН САНХҮҮЖИЛТИЙН ХӨТӨЛБӨРИЙН 4 ДЭХ ШАТНЫ ХЭРЭГЖИЛТИЙГ ОУВС ХЭРХЭН ҮНЭЛЭВ WWW.CHUHAL.MN НИЙТЭЛСЭН:2018/05/22     БААБАР: "ОЮУТОЛГОЙ"-ГООС САРД 110-120 САЯ АМ.ДОЛЛАР ОРЖ БУЙ НЬ ТӨГРӨГИЙН ХАНШИЙГ ТОГТВОРЖУУЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/05/22     ХБНГУ-ЫН ЗАСГИЙН ГАЗРААС ДАХИН 19,5 САЯ ЕВРОГИЙН БУЦАЛТГҮЙ ТУСЛАМЖ ОЛГОХООР ШИЙДВЭРЛЭЖЭЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/05/22     НҮҮРС ОЛБОРЛОЛТ 35.4 ХУВИАР НЭМЭГДСЭН НЬ АЖ ҮЙЛДВЭРИЙН САЛБАРЫН ӨСӨЛТӨД НӨЛӨӨЛӨВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/05/22     WORLD ЕCONOMICS: МОНГОЛ УЛСЫН БОРЛУУЛАЛТЫН МЕНЕЖЕРҮҮДИЙН ИНДЕКС 4 САР ДАРААЛАН ӨСӨВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/05/22     АНУ-ЫН МЯНГАНЫ СОРИЛТЫН КОРПОРАЦИТАЙ ХОЁР ДАХЬ КОМПАКТ ГЭРЭЭ БАЙГУУЛАХ ТУХАЙ ХЭЛЭЛЦЭЭ ӨНДӨРЛӨВ WWW.NEWS.MN НИЙТЭЛСЭН:2018/05/22     НИЙСЛЭЛЧҮҮДИЙН ӨМНӨ ТУЛГАМДСАН АСУУДЛЫГ ШИЙДВЭРЛЭХЭД БЭЭЖИН ХОТЫН ТУРШЛАГЫГ СУДАЛНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/05/22     ОРОСЫН АЖ ҮЙЛДВЭРИЙН ЧАДАВХИЙГ МОНГОЛД ТАНИЛЦУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/05/22     НООЛУУРЫН САЛБАРТ АМБИЙЦТАЙ ХӨДЛӨХ ЦАГ ИРЛЭЭ WWW.UBINFO.MN НИЙТЭЛСЭН:2018/05/21     УИХ-ЫН ДАРГА М.ЭНХБОЛД ПОЛЬШИЙН СЕЙМИЙН ТӨЛӨӨЛӨГЧДИЙГ ХҮЛЭЭН АВЧ УУЛЗЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/05/21    

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