United Company Rusal Plc‘s billionaire company founder Oleg Deripaska will take on a new role as president of the Russian aluminium giant, with his right hand man promoted to the job of chief executive, the Kiev Post reported.
Vladislav Soloviev, previously First Deputy CEO, recently became CEO.
Closing at CNY 14,510 ($2,358) per metric ton on the Tuesday, December 2, Chinese aluminum bar rose 7.3% to finish as the day’s biggest mover. After a couple of days of decreasing prices, the cash price of Chinese aluminum held steady at CNY 13,520 ($2,197). The price of Chinese aluminum billet remained essentially flat at CNY 13,900 ($2,258) per metric ton. The price of Chinese aluminum scrap remained steady at CNY 12,700 ($2,063) per metric ton.
The primary aluminum cash price continues its trend downwards. Finishing the day at $2,021 per metric ton, it dropped 2.4% on the LME. The 3-month price of aluminum weakened by 1.4% on the LME, settling at $1,998 per metric ton. Following a two-day drop, the cash price of primary Indian aluminum increased by 0.2% to INR 125.95 ($2.03) per kilogram.