AFP, Hong Kong :
Rusal, the world’s largest aluminium producer, said Friday its net loss blew out to more than $3 billion last year as it was hit by record low metal prices and one-off restructuring charges.
The Hong Kong-listed Russian giant said it lost $3.22 billion, compared with a loss of $528 million in 2012, while revenue slumped 10.4 percent to $9.76 billion.
However, the company’s chief executive Oleg Deripaska forecast an uptick in demand for aluminium over the next two years, in line with a global economic recovery.
