The London Metal Exchange (LME)’s three-month aluminum price rebounded by 1.6% to US$3,492/ton on Wednesday by 0238 GMT, following a drop of nearly 5% on the previous day. The bounce was due to faded optimism about the negotiations between Russia and Ukraine.

In the talks, Ukraine expressed its doubts about Russia’s promise to decrease military attacks around Kyiv and another city because some Western countries expected that Russia will strengthen its aggression in other regions of Ukraine.