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PrintRusal sold up to 820 mt of silicon for $2.2-million (approximately $$1.22 per lb) in cash for shipment through the end of 2011, according to the company’s CEO, Oleg Deripaska. The consideration payable under the contract was arrived at by reference to the prevailing market price and on terms no less favorable than those prevailing in the Russian market for raw materials of the same type and quality and those offered by members of the Group to independent third parties customers, the company said. Rusal said the deal was part of its inventory management process and is in the ordinary and usual course of business.
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