A trade war is an economic conflict between countries characterized by the implementation of protectionist policies, particularly in the form of trade barriers. These barriers can take various forms, including tariffs, value added taxes, import quotas, domestic subsidies, currency devaluation, and embargoes. As one country imposes a trade barrier, the other typically retaliates with its own measures, leading to a cycle of escalating tensions. Trade wars often arise…

Supply Squeeze: Sanctions on Russian Aluminum Set to Impact Market Aluminum futures rose to over $2,670 per metric ton ($1.211 LB), extending the surge since hitting a four-month low of $2,490 on January 6th. The surge was supported by expectations of lower supply from key producers and respite for demand. The EU was set to sanction the import of primary aluminum from Russia in its upcoming package, reducing…