RUSAL (00486) saw its stock price surge by 5.04% during the intraday session on Tuesday, driven by the announcement of new thermal energy supply contracts with En+ counterparts.

The contracts, which are essential for the company's production processes, ensure a stable supply of thermal energy in regions where alternative suppliers are unavailable. This development is expected to enhance operational efficiency and cost management, boosting investor confidence.

According to the filings, the agreements with Baikalenergo and Khakass Utility Systems are set to run through December 31, 2026, with an estimated annual consideration of $7.8 million. The favorable terms and lack of alternatives in these regions make these contracts particularly advantageous for RUSAL.