Rusal, Sual merger to form aluminium giant

摘要

Russian regulators have approved a merger between Rusal and Sual to create the world's largest aluminium producer. EU regulators have also cleared the deal, which will see Russia's biggest aluminum producer, OAO Rusal, absorb rival Sual and the aluminum assets of Swiss-based commodities trader Glencore. The new company will be the world's largest aluminum producer - with nearly four million tonnes of aluminum per year, or about 12 per cent of global output - surpassing current industry leader, U.S.-based Alcoa Inc. The merger has likely implications for Jamaica. Rusal had attempted to buy bauxite assets here in 2004 from Kaiser, but lost out.