Russia’s RUSAL denies it has plans to cut production at ZAlK

KIEV, June 1 – Russia's RUSAL said it does not plan to cut production at Zaporizhia Aluminum Combine (ZAlK), the country's only aluminum smelter, in the future, according to RUSAL press service comments sent to Interfax-Ukraine on May 29. "RUSAL's plans remain unchanged. We don't plan to cut production at the plant in the future," reads the information. Earlier, RUSAL's director for strategy and corporate development, Artem Volynets, said that the company does not need to cut production in the future if the price of aluminum remains at $1,400 per ton, adding that the prices would not recover until 2011. He said that the aluminum market has reached its bottom, and now it would start growing.