RUSAL shares have soared more than 9% on growth in aluminum prices, said the analyst

CC BY-SA 2.0 / UC Rusal Photo Gallery / Employee of the company RUSAL during operation. Archival photoRUSAL shares have soared more than 9% on growth in aluminum prices, said the analystCC BY-SA 2.0 / UC Rusal Photo Gallery /

RUSAL shares rose in price on Tuesday more than 9% on the growth of aluminium prices and the return of buyers to the securities of the company, says a senior analyst «Alpari» the novel Tkachuk.

To 11.52 GMT RUSAL shares have grown on the Moscow exchange by 7.46% (and earlier on Tuesday had already jumped by 9.4% to 21.7 per ruble), on the Hong Kong stock exchange this morning at the end of trading the company’s securities increased capitalization by 8.45%.

Securities of other under the control of businessman Oleg Deripaska’s companies also by this time, growing up in Moscow: shares of the Gorky automobile plant – by 2.34%, GDR En+ — 1.31%. Papers «Norilsk Nickel», 27.8 percent of which belongs to «RUSAL», the rise in price of 3.04%. The index of Masuri rises in price 2.1%, from the data of the Moscow exchange.

How falling paper

Shares controlled by Deripaska companies on Monday traded stocks amid concerns about the risk of sanctions. To closing of trading on Monday, shares of «RUSAL» fell by 5.57%, the Gorky automobile plant – on 1,62%, GDR En+ — by 3.79%. Papers «Norilsk Nickel» have fallen in price by 5.62%.

During the time of the imposition of U.S. sanctions against Deripaska and its controlled companies, from 6 April, to the current time «RUSAL» the greatest collapses by 56.3% — to a historic low of 15.04 ruble, GDR En+ — by 43.4% of the common stock of the Gorky automobile plant by 13.6%, actions «Norilsk Nickel» – on 17,9%.

The analyst

On Tuesday, buyers returned to the shares of «RUSAL», said a senior analyst «Alpari» the novel Tkachuk.

«The increase in aluminum prices by 20% for 10 days, to some extent, compensates the company’s loss of the American market (it accounted for 15% of sales). In any case, the inclusion of the SDN list will not lead to the bankruptcy of the company (price of package GMK «Norilsk Nickel» more debt «RUSAL»), but it will significantly weaken the position of «RUSAL» in foreign markets», — he commented.

Thus the analyst notices that to invest in RUSAL is now quite risky, since the future of the company largely depends on whether it is able to maintain its presence in the European market. «LME has suspended relations with RUSAL, and the company will have to «reset» relations with European traders. It is possible to change supply schemes, contractors and the provision of 10-20%-governmental discounts on aluminium,» explains Tkachuk.

RUSAL shares have soared more than 9% on growth in aluminum prices, said the analyst© RIA Novosti, Infographicsrussia against Russia and international trade

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