The company is planning to produce metal more sustainably by investing in recycling plants and using renewable energy to power its facilities. Russia stands out again as an option for aluminum, as negotiations continue to end the war in Ukraine.
Shares of United Co Rusal International, the largest aluminum producer outside of China, experienced a record increase of up to 29 percent in Hong Kong. This increase occurred after a phone conversation between U.S. President Donald Trump and Russian President Vladimir Putin, in which they agreed to start negotiations to end the conflict in Ukraine.
In a context where the United States heavily relies on aluminum imports, Rusal positions itself as a key player in the global market with a production of 3.8 million tons of metal in 2023. For its part, Emirates Global Aluminium plans to launch a recycled aluminum smelter in Dubai ahead of schedule, as part of its expansion strategy in the United States after completing acquisitions in the country last year.
The talks between Trump and Putin generated expectations around Russian assets affected by sanctions, which could drive changes in global markets. Meanwhile, shares of shipping companies suffered declines, and a possible resolution of the conflict in Ukraine is expected to positively influence maritime transportation prices worldwide.
