Russia: Onexim no longer Rusal shareholder

The Onexim Group of Mikhail Prokhorov has left the ranks of Rusal shareholders, according to the company statement on the Hong Kong stock exchange. On February 16 Onexim’s share in Rusal decreased from 6% to 0%. At the same time the share of Zonoville Investments Limited increased to 26.5% from 20.5%. Onexim, which owned 17%…

Russia: Rusal output up in 2017

In 2017 Rusal produced 3.707 million tons of aluminum, up by 0.6% YoY. In Q4 2017 output grew by 1.4% QoQ, to 944 thousand tons. Aluminum sales in 12 months increased by 3.6%, to 3.955 million tons, and in Q4 2017 by 3.3% QoQ, to 1 million tons. Average sale price was $2105 per ton,…