Rusal

United Company RUSAL is the world’s biggest aluminium group, accounting for more than 10 per cent of global primary output as of 2011, and 13 per cent of all alumina. It was formed from the merger of Rusal, SUAL and the alumina assets of Glencore in 2007. It listed in Hong Kong in January 2010 in a US$2.1 billion initial public offering.

Rusal rises after first annual profit in three years

Rusal forecast global aluminium demand to rise 6.5 per cent this year to 59 million tonnes. Photo: Reuters

Shares of Rusal, the world’s largest aluminium producer, rose after it posted its first annual net profit in three years as production cost reduction and higher selling prices more than offset lower output.

Wednesday, 25 February, 2015, 2:42pm

RUSAL posts 266pc drop in recurring Q2 profit

RUSAL , which competes with Alcoa, posted a recurring net loss of US$208 million in the June quarter. Photo: Reuters

Russia’s United Company RUSAL, the world’s largest aluminium producer, reported a 266 per cent drop in second-quarter recurring net profit on Monday, far weaker than forecasts as aluminium prices continued to fall.

19 Aug 2013 - 11:03am

Talking points

Airbus A350 makes maiden flight

Airbus A350 makes maiden flight

14 Jun 2013 - 2:50am

Rusal plays down Barry Cheung's resignation from board

One of these chefs will dress up as a waitress in three months.

In March last year CY Leung's victory in the "election" of the chief executive was celebrated on the website of Hong Kong-listed Russian aluminium company Rusal. This was because Barry Cheung Chun-yuen, then Rusal's chairman, played a significant part in CY's campaign.

29 May 2013 - 2:51am

Police arrest fifth person in HKMEx scandal

Evidence has been seized from HKMEx. Photo: Thomas Yau

The latest development came as Barry Cheung resigned from his positions in major businesses - as a board member of Russian aluminium producer United Co Rusal and as an independent non-executive director of AIA Group Limited.

27 May 2013 - 4:21am

Barry Cheung makes waves in Moscow

Prawn cocktail: cool

We see that Barry Cheung's difficulties with the Hong Kong Mercantile Exchange have made waves in Moscow. This is because he is an independent non-executive director on the board of Rusal, the world's largest aluminium company, which, although Russian, is listed in Hong Kong.

24 May 2013 - 3:47am 1 comment

Elsie Leung caught up in Rusal's byzantine politics

Elsie Leung

Elsie Leung caught up in Rusal's byzantine politics

21 May 2013 - 3:35am

Business Digest, March 5, 2013

Du Jun

SFC fines Manulife Asset Management

5 Mar 2013 - 4:47am

Rusal shifts to charging monthly premiums

Russian aluminium giant Rusal expects prices for the metal to reach US$2,300 by the end of the year, with balanced supply. Photo: Reuters

Rusal, the biggest aluminium producer, is setting premiums for its metal on a monthly basis instead of annually as in previous years to more closely link the payments it gets to market movements.

"Rusal switched more than half of its contracts to floating premiums starting from this year," strategy director Oleg Mukhamedshin said.

15 Feb 2013 - 5:20am

Rusal hires ex-Stasi agent Warnig as new chairman

Matthias Warnig is Rusal's latest board chairman. Photo: AFP

Rusal, the world's largest aluminium producer, has appointed Matthias Warnig, a former East German secret agent and an ally of Russian President Vladimir Putin, as chairman, replacing Barry Cheung Chun-yuen, who held the job for just over six months.

3 Oct 2012 - 1:23am

Russian metals moguls Deripaska and Cherney settle Rusal stake spat

Russian billionaire Oleg Deripaska. Photo: AFP

Russian billionaires Oleg Deripaska and Michael Cherney reached an 11th-hour settlement in a dispute over a billion dollar slice of aluminium giant Rusal, shortly before they were due to give evidence in a drawn-out London court case.

28 Sep 2012 - 4:28pm

Rusal to cut aluminium output after lower prices, higher costs eat into interim earnings

Oleg Deripaska, CEO of UC Rusal. SCMP: Edward Wong

Russian aluminium giant Rusal said Monday it would cut production after seeing its net profit fall 95.25 per cent in the first six months of the year, hit by falling prices and rising costs.

The Hong Kong-listed company said net profit for the six months ending June 30 was US$37 million, from US$779 million a year earlier. Revenue fell 9.66 per cent to US$6.32 billion.

27 Aug 2012 - 2:05pm

Rusal mulls 10pc cut in output

Debt-laden Rusal, the world's largest smelter of aluminium, is hoping that industry-wide efforts to cut excess capacity will help lift prices enough for it to pay a dividend, although an analyst said this might not happen for at least two years because capacity cuts took time to flow through to profits.

16 Jun 2012 - 12:00am

Rusal gets ready for a shave

Rusal, the world's largest producer of aluminium, may cut its smelting capacity by up to 15 per cent to adjust to industry overcapacity. But an analyst says restoring demand and supply equilibrium in the industry may take up to two years.

15 May 2012 - 12:00am

Rusal profits sink under nickel weight

Net profit at Hong Kong-listed aluminium giant Rusal nosedived 91.7 per cent to US$237 million last year, dragged down by its stake in Norilsk Nickel, the world's biggest nickel producer.

20 Mar 2012 - 12:00am

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