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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 shares closed at HK$3.84, a ten-month high, on Monday
- Shares in east Siberian iron ore miner IRC have jumped by 136 per cent since January 2018
It remains unclear if the reshuffle and plan by its oligarch owner to relinquish control of Rusal’s parent firm will help it meet US demands to be extricated from imposed sanctions
It remains unclear if the reshuffle and plan by its oligarch owner to relinquish control of Rusal’s parent firm will help it meet US demands to be extricated from imposed sanctions
Aluminium prices surged last month amid fears the US sanctions will hit the global supply chain, but prices have since retreated after the US softened its stance on the penalties
Aluminium prices surged last month amid fears the US sanctions will hit the global supply chain, but prices have since retreated after the US softened its stance on the penalties
Shares of Russian company, which produces about 7 per cent of the world’s aluminium, has lost 70 per cent of its value in last 10 trading sessions
Shares of Russian company, which produces about 7 per cent of the world’s aluminium, has lost 70 per cent of its value in last 10 trading sessions