Rusal draws red ink in 3d qtr. as aluminum pricing slumps

Nov 12, 2012 | 01:24 PM |

Tags  Oleg Deripaska, United Co. Rusal, third-quarter earnings, aluminum, aluminum prices

SINGAPORE — United Co. Rusal slipped into the red during the third quarter as aluminum prices slumped and the industry continued to battle oversupply.

The world’s largest aluminum producer posted a net loss of $118 million for the three months ended Sept. 30, in contrast to net income of $432 million in the year-ago quarter, on revenue that slid 18.9 percent to $2.56 billion from $3.16 billion.....

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