Almost exactly a year ago, a deal was announced that shook up the well-established pecking order in the global aluminium industry.
Rusal, Russia’s largest aluminium producer, unveiled the takeover of Sual, its smaller compatriot, and the aluminium assets of Glencore, the Swiss commodities trader. The deal meant that the new entity, United Company Rusal, would leapfrog Alcan of Canada and Alcoa of the US to become the world’s biggest aluminium producer.
