Rusal aluminium output in 2009 dips by 10 pct YoY

Prim Tass reported that Rusal decreased aluminium output by 10% in 2009 to 4 million tonnes comparing with 2008.

At the same time Russian aluminium giant keeps the world aluminium leader status. The company’s share in global market is 11%. Alumina output in 2009 decreased by 31 % to 7.8 million tonnes. About 5.8 million tonnes were delivered to Rusal’s Mills; the rest of the volumes were sold at external markets.

Aluminium output is expected to increase in 2010 by 7.5 % to 4.3 million tonnes; alumina output will grow to 8.4 million tonnes.

Rusal has successfully provided IPO in Hong Kong, during which it sold its shares at the prices by 15 % higher than the minimal level. Thus, during the IPO “Rusal” sold 1.6 billion of the shares at USD 1.39 per share. About 40 % of the stock floatation was bought by 4 investors before the subscription.

(Sourced from Prim Tass)