German ex-chancellor Schroeder approved as Rosneft board chairman — sourceBusiness & Economy September 26, 17:21
International Cycling Union allows Australia-born track cyclist to compete for RussiaSport September 26, 16:57
Russian military gets first batch of cutting-edge electronic warfare operation systemsMilitary & Defense September 26, 16:56
Russian bombers wipe out terrorist targets in Syria with cruise missilesMilitary & Defense September 26, 16:39
Saudi King to visit Russia in early OctoberWorld September 26, 15:59
Some 12,000 troops to take part in post-Soviet security bloc’s drillsMilitary & Defense September 26, 15:48
Germany remains one of Russia’s key partners in Europe — KremlinRussian Politics & Diplomacy September 26, 15:33
Russian Defense Ministry calls on UN to increase humanitarian aid to SyriaWorld September 26, 14:59
Kremlin says open skies treaty controversies must be settled within pact's frameworkRussian Politics & Diplomacy September 26, 14:31
It said total first-half aluminium output fell by 10.8% to 1.78 million metric tons from a year earlier, following a plan to cut output at inefficient smelters that has helped to pare back costs by 9.8% “There was a major improvement in Rusal’s financial results in the second quarter compared to the first quarter, which was a result of a recovery in the aluminium price, a rise in average realised premiums, and tight cost controls,” said Oleg Deripaska, the company’s chief executive. The company expects to produce 1.8 million metric tons of aluminium in the second half.
Rusal is the world’s aluminium sector leader. In 2013, the company accounted for some 8% of the world aluminium production. The company employs 69,000 people. Rusal operates in 19 countries. Rusal ordinary shares are traded on the Hong Kong Exchange.
According to Rusal, the world aluminium consumption in the first half of 2014 decreased by 6% - to 27 million metric tons, from the similar period of the previous year. The aluminium demand has had the highest growth in China (13%), Japan and South Korea (10%), Central and South America (5%). In North America the aluminium demand growth was 4.3% According to Rusal forecasts, in 2014 the world aluminium consumption will increase by 6.5% - to 55 million metric tons, and this year’s deficit on the world market of aluminium will be 1.5 million metric tons.