Rusal’s profit slumps on subdued prices despite higher sales

China imposed restrictions on exports of the metals used in high-tech electronics from August.

The agreed rules set targets for the region to mine 10% of the critical raw materials it consumes, such as lithium, and for the first time copper and nickel.

Rusal's Moscow-listed shares fell on the news, to a one-week low.

The high share of Russian-origin metal in the LME-registered stocks has been a concern for some producers.

The South American country hopes to have awarded a concession for bauxite by this time next year.

The bloc's power prices have historically been twice those of the US, but are now three or four times higher.

Another month, another new record for China's primary aluminum production sector.

The aim is to build a more sustainable North American supply chain for materials needed to expand power grids for the energy transition.

A handful of Western banks and traders from Citigroup to Trafigura Group are increasingly willing to enter new deals for Russian metals.