Industrial metals prices have recorded strong gains since the start of the Russian war on Ukraine, taking advantage of the rising global concerns about supply disruptions and the decline in global stocks, especially since Russia is an important number that cannot be exceeded in the production of many of these minerals, in addition to the high cost of transportation with the rise in global crude and fuel prices.

. Russia is the second largest producer of aluminum in the world after China, and it produces 6% of the total global production, which supported the rise in aluminum prices to record levels, as the metal rose on the London Metal Exchange by about 6% today, Thursday, trading at levels of 3,677 thousand dollars per ton, while recording Gains since the beginning of the year by about 27.8%.

On the other hand, zinc is trading at its highest level since 2007, trading today, Thursday, at levels of $3,997 per ton, according to the figures of the London Metal Exchange, up more than 3% and recording gains since the beginning of the year by more than 8%.

Nickel, of which Russian production constitutes about 10% of global production, is trading at its highest level since February 2011 at $27.292, an increase of about 7% and recording gains of more than 26% since the beginning of the year.

Russia also accounts for 42% of palladium production and 12% of platinum production, to reflect the continuous rises in the two minerals since the beginning of the crisis. % since the beginning of the year, by trading this morning at levels of 1.085 dollars, an increase of about 1.4%.

Copper will pass through the quarters during the middle of the Alwim session in Macab with about 2.8%, trading at the level of 10250 dollars per ton, its highest level since October last year, as the copper maan is affected by the Ukrainian bayonets as well (Russia produces 4% of the world’s copper production).

These rises in the prices of metals and commodities will be directly reflected in the continuation of global inflation rises to record levels, which in turn will reflect on economic growth and global recovery that did not recover from the Corona strikes.