Rusal and China negotiate sales of aluminum products
- Author:Dong Xing
- Source:Dong Xing
- Release on:2018-06-11
After Russia’s aluminum industry was sanctioned by the United States, large-scale UC RUSAL products were cut off from their sources of export. At present, RUSAL is looking for the next buyer.
According to an informed source quoted by Bloomberg, Russian aluminum officials met with Chinese traders this week. The two sides are discussing the possibility of selling oxygen-produced products produced in Russia to the Asian-Pacific market. After being sanctioned by the United States, Rusal could not be sold. Any country settled in U.S. dollars.
In the discussions, Russia hopes to strengthen the sales of aluminum ingots in China, which is one of the varieties that had previously been affected by sanctions.
However, no agreement has yet been reached. The Chinese side is very cautious about this transaction.
After the announcement of the news, the russia shares traded on the Hong Kong Stock Exchange rose sharply and have now risen by more than 20%.
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