Russian aluminium giant Rusal expects demand for aluminium to grow in 2019 and sees potential for prices to rise, it said on Friday, sending its Hong Kong-listed shares up 12% to a 10-month high.
Shares in Rusal, the world’s largest aluminium producer outside China, hit their highest since April when the United States imposed sanctions on the company and its co-owner Oleg Deripaska because of his ties to Russian President Vladimir Putin.