HK Stock Market Move | RUSAL (00486) rose more than 12% during intraday trading. The market is paying attention to a potential meeting between the leaders of Russia and the United States. The company's aluminum smelting production ranks third globally.

RUSAL (00486) rose by more than 12% during the trading day, and as of the time of writing, it had risen by 8.53% to HKD 4.71 with a turnover of HKD 7.727 million. On the news front, on the 21st local time, US President Trump said he has not yet made a decision on a meeting with Putin. Trump also stated that he still believes that there is a chance for a ceasefire between Ukraine and Russia. Earlier in the day, senior White House officials stated that there are currently no plans for Trump to meet with Putin. Open Source Securities previously released a research report stating that Russia is the world's third largest producer of primary aluminum, with its production mainly contributed by RUSAL. In 2023, RUSAL's primary aluminum production is expected to reach 3.847 million tons, with an increase expected in 2024 to reach 3.9 million tons, accounting for an estimated 5% of global aluminum production. The United States is the world's second largest aluminum consumer, and after resuming exports, RUSAL can enjoy stable orders.