BREAKING: Aluminum surges as US plans to implement new tariff on Russia

Aluminum price rose sharply after Bloomberg reported that the US is ready to impose a 200% tariff on Russian-made aluminum as soon as this week in order to put further pressure on the Kremlin as the one-year anniversary of the invasion of Ukraine nears, according to people familiar with the situation. Following these news, aluminum price bounced off local support at $2510. As long as price sits above, the upward move may accelerate towards the recent high at $2680, which is marked with the upper limit of the 1:1 structure.

Aluminium, H4 interval. Source: xStation5

28 August 2026, 7:01 PM

Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole

28 August 2026, 12:27 PM

Market Wrap: A mild breeze of optimism ahead of Jackson Hole

28 August 2026, 6:53 AM

Morning Wrap: Markets freeze before Jackson Hole. Bitcoin back below 80K USD (28.08.2026)

27 August 2026, 2:13 PM

Market Wrap: Defence bucks declines in Europe. Dollar stabilises before Jackson Hole (27.08.2026)

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