Rusal Advances on Plans to Raise Alloy Production: Moscow Mover
United Co. Rusal (486), the largest aluminum producer, advanced in Moscow trading after saying it plans to increase alloy production by 2016.
Rusal’s Russian depository receipts rose 1.5 percent to 257.25 rubles, the biggest gain since Feb. 9, by 2:44 p.m. in Moscow. The company plans to raise alloy output at its Aluminium Division units by as much as 70 percent by 2016 to produce 1.93 million metric tons, the company said today in a statement.
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