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Rusal Posts $3.2 Billion Loss on Aluminum Prices, Writedowns

United Co. Rusal posted the biggest annual loss since 2008 as the world’s largest aluminum producer wrote down the value of assets after prices for the metal fell.

The net loss widened to $3.2 billion in 2013 from a restated $528 million loss a year earlier, Rusal said today. Adjusted earnings before interest, taxes, depreciation and amortization fell 29 percent to $651 million, missing the $692.6 million average estimate of 10 analysts surveyed by Bloomberg.