Rusal resumes Taishet aluminium project, sees deeper global deficit

July 13, 2017

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Russia’s Rusal has resumed construction of its long-stalled Taishet aluminium smelter project in Siberia in expectation of a widening global aluminium deficit, the company said on Wednesday.

The world’s second-largest aluminium producer behind China’s Hongqiao needs a further $700-million to complete the project, having invested about $800-million in Taishet before it was halted because of falling aluminium prices.

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