Australian aluminium miners gain on report U.S. may block Russian imports

Altech Batteries

13/10/2022 02:47

** Shares of Australian aluminium explorers gain after a
report that the United States is weighing restricting imports of
Russian aluminium
    ** Such a move, which has not been finalised, would likely
boost global prices for the metal used in a wide range of
consumer products  urn:newsml:reuters.com:*:nL1N31D1IX
    ** Shares of Alumina Ltd  AWC.AX  rise as much as 3.1%,
their biggest intraday gain since Oct 4
    ** Diversified miner South32 Ltd  S32.AX , which has
significant aluminium projects, climbs 2.3%  
    ** Mining giant Rio Tinto  RIO.AX  up 0.7%
    ** Broader mining sub-index in Australia  .AXMM  up 0.1%
 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))