Russian aluminum giant Rusal is pressuring peers after reporting a 95% drop in profits for H1...

|By:, SA News Editor

Russian aluminum giant Rusal is pressuring peers after reporting a 95% drop in profits for H1 while cutting production expectations and dimming its growth outlook for the sector. With aluminum prices near three-year lows, Rusal plans to trim ~150K tons of production before the end of 2012. AA -0.8%, KALU -0.2%, ACH -2.9%, NOR -0.3%.