Russia"s aluminum giant RusAl said on Tuesday...
on the bourse while the aluminum producer was not seeking to float shares this year.RusAl, which accounts for 12% of global aluminum and 15% of alumina production, earlier announced plans for listing on the Hong Kong and Paris-based Euronext stock exchanges at the end of 2009 to sell about 10% of its shares.
The Hong Kong Stock Exchange has delayed the examination of RusAl"s IPO application several times already.
Deripaska said last week that the delay of the company"s Asian IPO until next year would not affect the aluminum producer"s operations.
The banking sources told RIA Novosti that rising aluminum prices on global markets were contributing to RusAl"s market capitalization and share prices.
The sources said that in the first quarter of 2010, when the aluminum price hits $2,500 per ton, "market conditions for RusAl"s listing would be more beneficial" compared with the current price of over $2,115 per ton.