Reuters reported that Russian aluminum giant United Company RUSAL has no plans to sell its 20% stake in Queensland Alumina Limited.
2 sources familiar with the situation said that Chinese metals conglomerate Chinalco wanted to buy UC RUSAL's stake in the Australian alumina refinery.
The company's press office said that “UC RUSAL has no intention of selling its stake in the alumina refinery QAL.”
(Sourced from Reuters)
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