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Aluminium rockets amid sanctions on Russian entities

News of the day, 3 March:

Brandenburg state environment office made a final approval on Tesla's new 'Gigafactory' outside Berlin. The decision does not mean Tesla will be able to start car production immediately, it said, adding the state environment ministry recently said the developer would have to fulfil further requirements before the plant could start operating.

Aluminium, coal and palm oil all hit new records while crude oil and wheat scaled multi-year highs as Russia's invasion of Ukraine disrupted global raw material flows. Whilst the London Stock Exchange Group states that applying sanctions on Russia. 

The price of Brent crude is $118.54, WTI — $115.86, GBP/USD — 1,3397, EUR/USD — 1,1097, and gold costs $1.933,80 per ounce.

Author: GC
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