(Bloomberg) Rio Tinto Group has taken full control of an alumina refinery it owns with United Co. Rusal International PJSC in Australia, formally removing access to a key source of raw material for the Russian aluminum giant.
The ban on alumina exports to Russia has added more pressure on aluminum giant United Co. Rusal International PJSC. Moscow-based Rusal shares dropped after Australian Prime Minister Scott [.]
LONDON: Australia’s move to ban alumina exports to Russia is heaping more pressure on Moscow-based aluminium giant United Co Rusal International PJSC and pushing up prices of the so-called everywhere metal.