Aluminum stocks fall as U.S. considers easing sanctions on Russian

The U.S. Treasury building Washington D.C

Rusal's wind-down operations can include debt payments in United States dollars through October 23, a Treasury spokesman said in response to questions. With the company ostensibly sidelined for an indefinite period of time, global aluminum prices surged to a six-year high, while Rusal's share price plummeted by more than half.

Moscow has said it is considering various ways to help RUSAL after the US Treasury blacklisted the company and its billionaire major shareholder Deripaska. Shares of its US rival Alcoa Corp slid more than 13 percent.

The U.S. Treasury said it would provide sanctions relief to Rusal if Oleg Deripaska relinquished control, according to statement.

Rusal - the world's second-biggest aluminum producer - has been particularly hard hit as the sanctions have caused concern among some customers, suppliers and creditors that they could be blacklisted too through association with the company. Hong Kong's Hang Seng declined 0.5 percent. Rusal is controlled by Oleg Deripaska, who has ties to Russian President Vladimir Putin.

On Monday, the Treasury Department said it will consider easing the sanctions on Rusal if Deripaska divests. "It is not clear whether potential cancellation of this shareholder agreement would be enough" to satisfy USA officials, he said. The Kremlin and Deripaska did not immediately respond to requests for comment.

Throw out romaine lettuce, CDC advises as E. coli outbreak spreads
If you buy lettuce directly from the source, perhaps at a farmers market or in your own backyard, proceed as usual. Although infections can be intense or even life-threatening, many tend to be clear and mild up within a week.

U.S. President Donald Trump has called the 2015 Iran pact one of the worst agreements ever negotiated and will decide by May 12 whether to restore U.S. economic sanctions on Tehran, which would be a severe blow to the pact.

Mnuchin said "impact on our partners and allies" factored into the reprieve. United States citizens are also forbidden from dealing with sanctioned parties, and non-US persons knowingly facilitating transactions between Rusal and USA entities could also face punishment.

Last week, aluminum rallied to its highest since mid-2011 on fears the global market could face shortages as a result of the USA sanctions. Aluminium prices on the London Metal Exchange, which had been up more than 3% in morning trading, rapidly reversed course to trade down more than 6% - a 10% overall movement after a 30% surge since earlier this month when the sanctions were first announced.

Energy futures on the other hand fared much better, with front month Brent crude oil futures on the ICE tacking on 0.46% to see the day out from $74.40 a barrel.

Edward Meir, an analyst at INTL FCStone, said there is potential for Rusal to survive and that "the 5 mln (million) tons of Rusal production that a week ago was arguably radioactive, will no longer be so".

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