UC RUSAL (0486.HK), the world’s largest aluminum producer, is reported to have plans to secure between five and eight major Chinese buyers on long-term contracts to carve a larger share of the world’s biggest market for the metal.
The press release is quoted as saying:
UC RUSAL, fresh from Russia’s biggest-ever private sector debt restructuring, also plans to restart 100,000 tons of idle capacity by the end of the first quarter as global consumption enters the second phase of recovery.
