RUSAL's stock price soared 16.31% during intraday trading on Monday, marking a significant upward movement for the aluminum producer.

The rally was primarily fueled by a bullish sector report from Citigroup, which predicts a structural bull market is forming for aluminum. The bank forecasts a shift from supply constraints to a structural shortage, with a modest deficit expected in 2026, and has raised its near-term aluminum price target. Concurrently, financial institutions have expressed optimism regarding the enhanced dividend appeal of electrolytic aluminum companies, citing improved cash flows, low future capital expenditure, and a strong willingness to increase shareholder returns.