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RUSAL improves global aluminium consumption growth forecast

UC RUSAL has improved its global aluminium consumption growth forecast. The company expects the global consumption of primary aluminium to reach 55 million tonnes in 2014, an increase of 6.5% against the previous forecast of 6%, RUSAL informed.

China will remain the largest growing market with an expected 13% growth rate (previously 10%), followed by North America with a 5% growth, Asia excluding China with a 4% growth and Europe with a 3% growth.

Overall, UC RUSAL forecasts the 2014 global aluminium market to be in 1.5 million tonnes of supply deficit.

UC RUSAL (tax number: 7709329253) is a leader in the global aluminum industry. The company accounts for about 10% of the aluminum output and 10% of alumina output worldwide. Its labor force is about 76 thousand employees. RUSAL is active in 19 countries on five continents selling its goods mainly in the markets of Europe, North America, South East Asia, in Japan and South Korea.

RUSAL's common shares are traded on the Hong-Kong Stock Exchange. The global depositary shares representing RUSAL's common shares are trading on the professional stock exchange site of NYSE Euronext in Paris. The principal shareholders are: En+ Group (48.13% of shares), ONEXIM group (17.02%), SUAL group's shareholders (15.80%), Amokenga Holdings, Glencore's 100% subsidiary (8.75%), the management team (0.26%).

IFRS net loss of UC RUSAL for H1 2014 decreased by 52% to $209 million from $439 million for the same period in 2013. Revenue decreased by 15.7% to $4.384 billion from $5.203 billion in H1 2013.

According to the DataCapital information retrieval system, RAS net profit of UC RUSAL for 2013 was RUB 17.501 billion against a loss of RUB 95.656 million in 2012. Revenue increased 3.33-fold to RUB 26.438 billion from RUB 7.95 billion, sales profit 18.58-fold to RUB 22.931 billion from RUB 1.234 billion, pre-tax profit was RUB 16.673 billion against a loss of RUB 120.466 million.

"AK&M", 27.08.2014 12:30


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