UC Rusal, one of the world's largest aluminum and alumina producers, may cut aluminum output by 6% over the next 18 months, a spokesperson for the company said.

Rusal has refinanced loans totaling $11.4bn, the aluminum company announced today. Of this amount, Rusal repaid $4.34bn to a consortium of international lenders under a December 2009 refinancing agreement as well as $552m to Onexim Group.