Co. Rusal (UC Rusal) has completed 350,000 tonnes of planned
production cuts at its aluminum smelters and is considering
making more, the companys first deputy chief executive
officer Vladislav Soloviev told AMM.
The cuts were made at
Moscow-based UC Rusals Volkhov, Volgograd and Ural
smelters, as well as the first stage of its Novokuznetsk
smelter, Soloviev said.
UC Rusal, the
worlds largest aluminum producer based on current output,
is considering more cuts and is reviewing the second stage of
Novokuznetsk, which is equivalent to around 200,000 tonnes, he
UC Rusal is also
postponing for one year the start-up of its Boguchansk smelter,
part of the large-scale Boguchanskoye Energy and Metals Complex
"Well have a
one-year delay and then review the situation," Soloviev
It has also postponed
construction of the smelter at Taishet Aluminium Smelter until
the start of 2014 and will revisit the project then, he added.
Taishet, in the Irkutsk region of Russia, has a slated capacity
of 750,000 tonnes a year.
UC Rusal, like
Pittsburgh-based Alcoa Inc., is leading the way with output