Board of Directors of Rusal will consider the issue of buyback today. Shares bought back on the company's balance sheet are deprived of voting rights and dividends. However, if the securities end up on the balance sheet of the issuer's subsidiary, the stake becomes a quasi-treasury stake, in which case it is voted by the management, which de facto strengthen...

Rusal will start the active construction phase of the second stage of the Boguchansk Aluminum Smelter next year. Phased introduction of the third and fourth start-up complexes is planned until approximately 2030.

Rusal's management is preparing a share buyback program, sources told TASS. Appropriate proposal is planned to be submitted to the company's Board of Directors in November this year.

Rusal's IFRS net profit for 6 months of 2024 amounted to $565 mln, up 34.5% from $420 mln in the previous year. Revenue decreased by 5% to $5.7 bln against $6 bln a year earlier.