Aluminum: giant Rusal’s net income plummets 75% in first half due to soaring costs

Russian aluminum giant Rusal on Friday reported a 75 percent drop in first-half net profit due to soaring production costs resulting from dwindling raw material resources, strong inflationary pressures, and international sanctions against Russia. Rusal, one of the world's leading aluminum producers, posted a net profit of $420 million in the six months ended June […]