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Rusal opened nearly 4 per cent higher in morning trading, followed by a sharp rise of more than 13 per cent and is now Sanlianyang. As of 03:30 on March 7, it had risen by more than 34%.
On Tuesday, Alcoa CEO told investors that it was evaluating how to handle aluminum sales to Russian companies. Russia is one of the world's largest suppliers of aluminum, and so far, US sanctions have not targeted Rusal. The Biden government is postponing direct sanctions against Rusal because it could disrupt already scarce global aluminium supplies, according to people familiar with the matter.
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