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Rusal delays launch of Taishet aluminum smelter to 2021

Reuters | March 13, 2020 | 10:01 am News Europe Aluminum 
Rusal open for talks over Nornickel dividend - deputy CEO
Rusal’s Bratsk Aluminium Smelter – Image courtesy of Wikimedia Commons

Russian aluminum producer Rusal expects metal from the first stage of its long-planned Taishet aluminium smelter in Siberia to arrive in January-June of 2021, it said in a presentation on Friday.

Rusal previously planned to launch the Taishet smelter in late 2020.

Rusal expects its total capital expenditures to rise to $1 billion in 2020 from $848 million in 2019, two analysts, who took part in the company’s conference call earlier on Friday, told Reuters.

(By Anastasia Lyrchikova and Polina Devitt; Editing by Alexander Marrow)

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