HK Stock Market Move | RUSAL (00486) rises by over 9% again. Russia plans to resume exports of aluminum products to the United States. The company is the largest aluminum smelter supplier in Russia.

RUSAL (00486) rises by over 9% again, with a cumulative increase of nearly 80% this month. As of the time of writing, it has increased by 7.45% to HK$5.48, with a turnover of HK$13.367 million. On the news front, according to CCTV News, Russian President Putin stated on February 24th that companies from Russia and the USA have begun discussions on cooperation projects. If the US lifts related sanctions, Russia plans to resume exporting aluminum products to the US, with an export volume of 2 million tons, which will help stabilize the price of this bulk commodity. Rongda Futures pointed out that before the imposition of prohibitive tariffs in 2023, Russia had accounted for 15% of the United States' aluminum imports. According to SMM data, in 2023, Russia's total electrolytic aluminum production 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, Russian aluminum is mainly used for export markets, making it an important exporter of aluminum overseas. RUSAL is the largest aluminum smelting supplier in Russia.