Eramet produces first lithium from Centenario plant in Argentina
Eramet becomes the first European company to produce lithium carbonate at an industrial scale.
Russia’s Rusal recommended its first dividend in five years on Tuesday – an interim payment of $0.02 per share – after reporting strong first-half financial results earlier in August.
Rusal, the world’s largest aluminum producer outside China, boosted its January-June core earnings by 37% to $1.8 billion amid higher aluminum prices.
The payment for the first half of 2022 would reach $304 million, according to Reuters calculations based on Rusal’s issued share capital, if shareholders approve the board’s recommendation on Sept. 30.
Rusal, controlled by EN+ Group with a 56.9% stake, last paid a dividend for the first half of 2017, when it returned $300 million to shareholders.
Sual Partners, which owns 25.5% of Rusal, has been calling for the resumption of dividend payments since 2021, but the company was focused on reducing its debt.
(By Anastasia Lyrchikova and Polina Devitt; Editing by Kirsten Donovan)
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