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Down $3.8 Billion Already, Deripaska Will Fight To The Bitter End – Aluminum Jumps
Well, this isn't great news in terms of removing uncertainty from Russian assets and I suppose it could portend more turbulence for the metals.
Last week, the torrid aluminum rally stalled and the ruble got some respite when it became clear that the Treasury might be willing to ease sanctions on Rusal if Oleg Deripaska gave up control of the company. Well on Thursday, we got these headlines:
OLEG DERIPASKA IS SAID TO PLAN ON KEEPING CONTROL OF RUSAL
DERIPASKA NOTE GOING QUIETLY
That's got
