Rusal Cuts Aluminum Demand Growth Forecast as Profit Slumps - Bloomberg Business:
"United Co. Rusal, the world’s biggest aluminum producer last year, said third-quarter profit fell 26 percent as prices of the alloy declined. It also cut its demand forecast on a weaker outlook in emerging markets.
Adjusted earnings before interest, taxes, depreciation and amortization fell to $420 million from $568 million the previous quarter, the Moscow-based company said in a statement Friday. Revenue dropped 9 percent to $2.07 billion. Analysts typically compare Rusal’s quarterly results with the preceding three months rather than year-earlier figures.
The producer cut its global aluminum demand growth forecast for 2015 to 5.6 percent from 6 percent and raised its surplus forecast to 373,000 metric tons in 2015, according to the statement."
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