Rusal plans capacity cuts after 2012 loss
Mar 04, 2013 | 12:22 PM
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Tags
Rusal,
United Co. Rusal,
aluminium,
Oleg Deripaska,
earnings,
Metal Bulletin
SHANGHAI — United Co. Rusal says it plans to cut 300,000 tonnes of aluminum capacity in 2013 after it swung to a loss in 2012.
The production cuts are a consequence of global overcapacity, rising power tariffs and lower metal prices, and would be targeted at the Moscow-based company’s least efficient smelters, the company said March 4. ....
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