The tension between Russia and Ukraine has led to the continuous rise of aluminum prices in recent days. At present, the aluminum price in London market stands at US $3400 / ton, exceeding the highest level since 2008. Rusal recently announced that it would temporarily close the production of Nikolaev alumina refinery in Nikolaev region of Ukraine.
As the second largest electrolytic aluminum producer in the world, Russia’s production capacity accounts for 6% of the world and its export share accounts for 26% of the world. The rise of energy prices in Europe has also further exacerbated the reduction of local electrolytic aluminum production. On March 1, LME aluminum inventory decreased by 9750 tons to 814275 tons. Analysts said that energy costs still led to large-scale production reduction of overseas aluminum plants, supporting the high operation of aluminum prices.
According to the theme database of financial Associated Press, among the relevant listed companies:
Shandong Nanshan Aluminium Co.Ltd(600219) is the largest exporter of tank materials in China. Its customers cover Pepsi, cola, Budweiser and other international giants. The company’s overseas alumina company is located in Indonesia, which is rich in bauxite resources and has high ore quality.
Yunnan Aluminium Co.Ltd(000807) provide green aluminum to intermediate processing enterprises, and the green aluminum produced by the company is indirectly supplied to Tesla.
