The memo focuses on joint long-term investment projects.
"The aluminum industry, as one of the most energy-intensive and dynamic industries, is an optimal partner for this project. It can ensure a high level of investment and a stable level of consumption, which is crucial for the development of Russia's nuclear industry," Rusal said.
Under Rusal's development strategy, it plans to boost aluminum production up to 5 million metric tons a year by expanding existing enterprises and building new plants based on guaranteed long-term electricity supplies.
Founded in March 2000 after a merger of major aluminum plants in the former Soviet Union, Rusal exports aluminum to 50 countries, and operates in nine Russian regions and 13 countries. The company controls 75% of the Russian market and 10% of the international market.
