September 08, 2008

RUSAL yielded leader’s position in aluminum

United Rio Tinto Alcan has announced through the web it is a new global leader in aluminum production. Rio Tinto emerged as an absolute leader once it completed takeover of 79.4% in Canada’s aluminum producer Alcan. The deal budget reached USD 38.1 billion. As a result, the share of aluminum in Rio Tinto’s output stepped up from 9% to 32%.

United RUSAL of Russia fell to the second place. The company had won the leading standing on consolidation of RUSAL, SUAL and the alumina assets of Glencore. That deal was finalized in late March of 2007.

Today’s RUSAL annually produces 3.9 million tonnes of aluminum and 11.3 million tonnes of alumina. But united Rio Tinto Alcan will make 4.3 million tonnes of aluminum and 8.7 million tonnes of alumina.

US Alcoa that also attempted to buy out Alcan is the last of the global trio.