Rosalco (00486) fell more than 6% in the intraday period. As of press release, it was down 4.41% to HK$2.6, with a turnover of HK$1,105 million.
The Zhitong Finance App learned that Rosalco (00486) fell more than 6% in the intraday period. As of press release, it fell 4.41% to HK$2.6, with a turnover of HK$1,105 million.
According to the news, Britain and the US have imposed sanctions on Russian metals, prohibiting LME, CME, etc. from accepting aluminum, copper, and nickel. According to reports, Russia supplies about 6% of the world's aluminum, 5% of nickel, and 4% of copper. The sanctions may have a major impact on changes in global aluminum supply.
Industry insiders believe that the new restrictions are unlikely to have as drastic an impact as in the past. Russia's two largest metal companies, Rusal and Norilsk Nickel, have greatly reduced their ties to the Western financial system compared to before, and the industry has prepared for possible sanctions in the past two years.