“RUSAL shares rose in price by 15.5% in the course of trading in Hong Kong amid talks with China

– Shares of “RUSAL” in the course of trading on Thursday rose in price by 15.5% in Hong Kong – the fastest pace since November of 2016, to 1.64 Hong Kong dollar, but by 8:42 Moscow time the rise slowed down, and their price was 1.6 Hong Kong dollar, according to the Hong Kong stock exchange (HkEx).

Экономика19 APR 2018Алюминий went up to $2600 on forecasts of the deficit metallicity read more

In early April, when RUSAL was listed in the “black list” of the U.S. Treasury, the company’s shares traded at about 4.65 HK dollars.

“RUSAL” in talks with Chinese companies and traders to mitigate the impact of the US sanctions, reports Bloomberg, citing informed sources. According to them, top managers “Rusala” has held a series of meetings this week with a view to agreeing on the procurement of alumina in China and the supply of aluminium to the Chinese market.

According to Agency sources, RUSAL is looking for alternative sources of alumina because sanctions have blocked its suppliers.

The price of aluminium in the course of trading on Thursday exceeded $2600 per ton, reaching the highest since 2011. From 5 April (the day before the new sanctions of the USA against Russia) aluminum has risen more than 30% due to fears of disruptions in supplies to the world market.

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