Higher aluminium prices lift Rusal Q2 core earnings

Russian aluminium giant Rusal reported a 48% rise in second-quarter core earnings on Friday due to a higher aluminium price, and pointed to a positive outlook for the second half as supply in China tightens. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $510-million from $344-million in the same quarter a year ago, in line with a Reuters survey of analysts at six banks for $507-million.