Aluminum Price Surge Brings Hope to Struggling UC Rusal

Aluminum Price Surge Brings Hope to Struggling UC Rusal

Global aluminum prices have surged by over 25% since the beginning of the year, recovering from a prolonged downturn. Three-month aluminum futures on the London Metal Exchange (LME) hit a two-year high of $2767.5 per ton in late May, before correcting slightly to $2645 per ton by June 6.

This price increase, driven by post-pandemic industrial demand and supply constraints, is expected to benefit UC Rusal, Russia’s sole primary aluminum producer. The company has faced significant challenges in the past two years, but higher aluminum prices could lead to increased revenue and improved profit margins.

UC Rusal must still navigate risks such as geopolitical tensions and regulatory changes, but the price surge presents a much-needed opportunity for financial recovery. icon

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