Aluminium prices jumped to the highest level in nearly four years, and the local U.S. premiums reached a historical peak above $1/pound. This should benefit local producers like Alcoa (NYSE: AA) and Century Aluminum (NASDAQ: CENX), along with some international low-cost suppliers, while the downstream sector and consumers are already feeling the pressure.

Kaja Kallas stood at the 62nd Munich Security Conference, at the Hotel Bayerischer Hof where the Atlantic Empire had assembled not to project power but to perform its own autopsy while the patient was still breathing — and delivered what she imagined was a prosecutor’s closing argument against Russian weakness.