"COMMODITIES Aluminium hits record top; oil, wheat at multi-year highs on supply woes"

 From Reuters, March 3:

• Western sanctions against Russia seen hitting aluminium supplies
• Brent rises to its highest since Feb. 2013, WTI firms
• Longer-term Black Sea supply curbs lift wheat to 14-year high

Commodity markets extended their bull runs on Thursday, with aluminium, coal and palm oil all hitting new records while crude oil and wheat scaled multi-year highs as Russia's invasion of Ukraine disrupted global raw material flows.

Russia's stature as a top supplier in oil, gas, metals, grain and shipping markets has meant that the harsh sanctions applied to several Russian entities following Moscow's invasion of Ukraine has upended several critical resource supply chains.....

....MUCH MORE