Aluminum Prices Shrug Off 200 Percent US Import Tariffs for Russia

Employees work at the production line of aluminium rolls at a factory in Zouping, Shandong province, China, on Nov. 23, 2019. Stringer/Reuters

LONDON—Aluminum prices on the London Metal Exchange shrugged off a decision by the United States to impose steep tariffs on Russian metal on Friday, though traders said prices would have jumped if the U.S. had imposed sanctions instead.

One year on from Russia’s invasion of Ukraine, the United States said it would impose a 200 percent tariff on aluminum produced in Russia from March 10, effectively a ban on Russian aluminum imports to the country.