Their joint venture North United Aluminium (NUA), a Shenzhen-based company, will secialise in aluminium, alloys and other non-ferrous metals.

Vladislav Soloviev, First Deputy CEO of Rusal said: “Growing urbanisation and industrial development will continue to drive China’s dominant role in global aluminium consumption. Rusal is ready to meet this demand.”

In November 2011 Rusal entered into a purchase agreement with Norinco concerning a 33% share acquisition in Shenzhen North Investments — a trading affiliate of Norinco specialising in aluminium, alloys and other non-ferrous metals trading.

The deal is expected to enhance the promotion of Rusal’s products in the Chinese market.