HK Stock Market Move | RUSAL (00486) rises nearly 6% again, up more than 50% for the month, with Russia planning to resume aluminum product exports to the US.

RUSAL (00486) rose nearly 6% again, with a cumulative increase of over 50% this month. As of the time of publication, it rose 4.32% to HK$4.83, with a trading volume of HK$83.694 million. In terms of news, according to CCTV News, Russian President Putin stated on February 24 that companies from Russia and the United States have begun discussing cooperation projects. If the United States lifts relevant sanctions, Russia plans to resume exporting aluminum products to the United States, with an export volume of 2 million tons, which will help stabilize the price of this commodity. According to SMM data, the total production of electrolytic aluminum in Russia in 2023 is about 4.062 million tons, accounting for approximately 5.6% of the global total supply, ranking third in the world in terms of production. In addition, Russia's aluminum is mainly used for the export market, making it an important exporter of aluminum overseas. RUSAL is the largest aluminum smelting supplier in Russia.