Rusal, Chalco sign pact to cut costs, expand markets
Mar 26, 2013 | 11:32 AM
| Jethro Wookey, Shivani Singh
SINGAPORE Russias United Co. Rusal and Chinas Aluminium Corp. of China Ltd. (Chalco) have signed a memorandum of understanding to cooperate on research, jointly develop bauxite resources, and invest in integrated hydropowered aluminum production, Rusal announced March 25. The memorandum was signed in the presence of Chinese president Xi Jinping and Russian president Vladimir Putin in Moscow March 22. This partnership between the two major global players....
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