In the past few weeks, the global marketplace has been met with some much welcomed positive news. However, on the back of a massive slide in commodities prices, aluminum companies are still struggling with record low prices and seemingly nonexistent demand.
Unlisted United Company Rusal, the world’s leading miner of alumina and also the biggest aluminium producer, has reported a USD 7.4bn debt standstill, owing to foreign banks, and comprising just over half of Rusal’s total debt of USD 14bn. For full story, click here
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