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World’s largest aluminum producer takes $1.4 billion writedown

Reuters | March 20, 2012 | 8:17 pm Base Metals Europe Aluminum 

HONG KONG/MOSCOW – RUSAL, the world’s top aluminium maker, took a $1.4 US billion hit in its 2011 financials on Monday on the value of its stake in Norilsk Nickel, whose fate is at the centre of a row between two Russian billionaire shareholders.

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