A company plans to produce metal more sustainably by investing in recycling plants and using renewable energy. On the other hand, the Russian aluminum giant, United Co Rusal International, has experienced a rise in its stock, reaching a 29% increase in Hong Kong. This rise occurred after a dialogue between the presidents of the United States and Russia, who initiated negotiations to end the war in Ukraine.
Rusal is the largest aluminum producer outside of China, with a production of 3.8 million tons of metal in 2023. In the U.S. market, a country that relies heavily on aluminum imports, tariffs have led to a rise in prices. In this context, Emirates Global Aluminium, based in the United Arab Emirates, plans to invest in asset acquisitions in the United States and has completed purchases in that country.
The discussions between Presidents Trump and Putin about the possible end of the conflict in Ukraine could benefit Russian assets affected by sanctions. This situation has generated repercussions in the maritime transport market, with shares of shipping companies such as Mitsui OSK Lines Ltd. and Pacific Basin Shipping Ltd. experiencing declines. The resolution of geopolitical conflicts like the one in Ukraine could lead to a decrease in global maritime shipping rates, according to equity strategy experts.
