** Hong Kong shares of Russia's aluminium giant Rusal 0486.HK surges 5.3% to HK$5.40, on track for the biggest one-day pct gain since February 26
** Stock on course for the third straight session of gain
** Rusal RUAL.MM reported a near-three fold jump in its annual earnings, reflecting higher prices for both aluminium and alumina owing to a rise in demand for the products, which are critical in the race for decarbonisation
** The world's largest aluminium producer outside China posted net profit of $803 mln for 2024 vs $282 mln profit a year-ago
** Hong Kong's material index .HSCIM jumps 2.8%, Hang Seng Index .HSI rises 1.3%
** Rusal Hong Kong stock up 61.8% YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.