UC RUSAL: in H2 the capacity for the production of aluminium could be reduced by 0.2 million tons.

In Q2 2016 the united company "Rusal" (UC "Russian Aluminium") may decide to reduce 0.2 million tons of capacity for the production of aluminium. The company did not plan to fully close the enterprise, president of "Rusal" Oleg Deripaska told the TV channel "Russia 24".

"We have 0.2 million tons, which we are considering. Currently, in these conditions, we have enough customers which want metal, and we are unlikely to stop them (the capacities), but in Q2 we will make a decision (to reduce). ... The reduction will occur in case the market will be weaker than we expect. We just cut part of the production at the existing facilities. 

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer