AWC - bauxite & alumina stopped to Russia...
4m ago 01:08
https://i.guim.co.uk/img/uploads/201...ormat&fit=max& Christopher Knaus
Australia has banned the sale of alumina and aluminium ores to Russia in response to what it described as “unrelenting and illegal aggression” towards Ukraine, reports Christopher Knaus.
The country’s federal government has been under pressure to stop the export of alumina to Russia, with critics warning it was potentially allowing Australian resources to be used in munitions manufacturing.
The government overnight announced it was ceasing all exports of alumina and aluminum ores, including bauxite, to limit Russia’s ability to produce aluminium, a major Russian export and a critical component in arms and munitions.
Russia relies on Australia for 20% of its alumina needs.
That could put a dent into ASX:AWC on Monday...