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“We have constantly confirmed that China is a priority market for Rusal’s development,” first deputy ceo Vladislav Soloviev said in a statement. “The signing of the agreement with the Russian Ministry of Economic Development aims to reinforce our joint efforts to increase the presence of Russia in the region.”...

The report concludes that the emerging economies are set to grow much faster than the G7 over the next four decades. Figures for average growth in GDP in purchasing power parity (PPP) terms (which adjusts for price level differences across countries) show Nigeria leading the way over the period from 2012 to 2050, followed by Vietnam, India, Indonesia, Malaysia, China, Saudi Arabia and South Africa. John Hawksworth, PwC Chief Economist and co-author of the report, explains: "The global financial crisis has hit the G7 much harder than the E7 in the short term. And it has also caused downward revisions in the estimates of longer term trend growth in the G7 – particularly those economies in Europe and the US that had previously relied on excessive public and private borrowing to drive growth.” This means that, in PPP terms: The E7 could overtake the G7 before 2020 By 2050 China, the US and India could be by far the largest economies – with a big gap to Brazil in fourth place, ahead of Japan And by the same time, Russia, Mexico and Indonesia could be bigger than Germany or the UK; Turkey could overtake Italy; and Nigeria could rise up the league table, as could Vietnam and South Africa in the longer term. Beyond the largest economies, Malaysia has considerable long-term growth potential, while Poland could continue to outpace its Western European neighbours for some decades to come.

UC Rusal is marketing Russia as an alternative and viable destination for new smelters amid an inevitable restructuring of the aluminium industry due to low prices and inflated production costs, according to a senior company executive.

Group-wide and including the joint venture plants, Leoni now has 11 facilities in China with a total of about 6,000 employees. In terms of consolidated sales, which in the current financial year will amount to about 350 million euros, China meanwhile represents the third largest market after Germany and France. The Company has been operating for 18 years with its own facilities in China. To be able to satisfy the heavy demand from the automotive industry for cable harnesses and wiring systems, and especially to be able to supply for new vehicle models, Leoni is also setting up new production lines and expanding existing plants in other regions. The Wiring Systems Division alone currently has 12 capital investment projects, involving for instance plans for two new facilities in Egypt as well as one each in the Ukraine and Russia. Furthermore, there will be additional production halls in Brazil, Mexico, Morocco, Tunisia and Serbia among other places. After the expansion is completed, the Wiring Systems Division’s network will comprise more than 30 production facilities with a total of more than 550,000 square metres of factory floor space.

The Rybinsk plant, which also produces cables for the oil and gas industry, fire performance cables (Low Smoke Zero Halogen) and auto wires, will soon supply the full range of applications in the energy cable business, including medium voltage cables up to 35 kV and high voltage cables up to 330 kV with maximum cross-section 2500 mm2 and cross-linked polyethylene insulation.

All of Russia’s HVDC systems and back-to-back HVDC links have been planned, commissioned and operated by the country’s Ministry for Electrical Power and Electrification.

UC Rusal has launched its red mud pilot plant at its Urals aluminium smelter (UAZ) in Russia. It will test the viability of producing scandium concentrate from the alumina refining waste product.