UC RUSAL announced its financial results for 2013.

UC RUSAL, one of the world's leading aluminum producers, announces the financial results of the company in 2013.

Main results:

Throughout 2013 the aluminum prices on the LME remained low as a result of negative investment expectations and exerted strong pressure on the aluminum industry. The average price of aluminum on the LME fell by 8.6 % from $ 2.018 dollars/ton in 2012 to $1.845 dollars/ton in 2013, however, thanks to the program to reduce costs and optimize working capital, implemented by the management of the company, as well as improving the product line, weakening of the local currency and increased premiums RUSAL ended the year with a margin for EBITDA in the aluminum sector at 11.3%.

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