1. RUSAL released its first-half results for 2018. Net profit increased by 102.6% year-on-year to US$952 million. RUSAL released its first half of 2018 performance report. The company achieved revenue of 4.997 billion US dollars, a year-on-year increase of 4.9%, net profit of 952 million US dollars, an increase of 102.6%, and adjusted net profit of 535 million US dollars, an increase of 15.1%. Recurring net profit of 971 million US dollars, an increase of 41.5%; basic earnings per share of 0.0627 US dollars. According to the announcement, the company's sales of primary aluminum and alloys increased by 1.3% to US$4.059 billion, mainly due to an increase of 15.2% in aluminum prices per ton of weighted average, which was partially offset by a 12.0% decline in primary aluminum sales. Revenue from sales of alumina increased by 22.8% to $447 million, mainly due to an increase in average selling price of 32.1%, partially offset by a 6.9% decline in sales. In addition, revenue from sales of aluminum foil and other aluminum products increased by 20.6% to US$170 million. Other sales (including sales of bauxite and energy services) increased revenue by 26.4% to $321 million. In the first half of the year, the company's total cost of sales increased by 3.6% to 3.604 billion US dollars. Gross profit margin increased from 27.0% to 27.9% during the period.
2. [Russia began to impose tariffs on imports of certain commodities from the United States] Russia has taken countermeasures against US steel and aluminum tariffs and decided to impose tariffs of 25% to 40% on road construction machinery, oil and gas facilities and other products imported from the United States. It will take effect from 0:00 on August 5. It is reported that the average value of the above-mentioned goods imported from the United States by Russia is about 3.16 billion US dollars.