Rusal Falls in Moscow as Aluminum Futures Decline in Shanghai
United Co. Rusal, the world’s largest aluminum producer, led declines in the Moscow-based Micex Index as aluminum futures fell for a second day in Shanghai.
Rusal’s Russian depository receipts dropped 4.1 percent, the biggest intraday decline since Dec. 16, to 247.41 rubles by 12:24 p.m. in Moscow. The stock has gained about 26 percent this year.
Shares in the aluminum producer controlled by billionaire Oleg Deripaska fell 4 percent today to HK$6.45 in in Hong Kong.
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