OREANDA-NEWS. February 25, 2010. Veles Capital released daily market review:

In 2009 RusAl reduced output of aluminum 11%, in 2010 company expects growth by 3%. UC RusAl reduced output of aluminum by 11% in 2009, alumina – 36%, bauxite – by 41%. In 2010 the company expects recovery of the market and upping of aluminum and alumina output. In 2009 volume of aluminum output formed 3.946 mn tons.

Bashneft officially provided the features of the offer to minorities of BashFEC. Bashneft might spend more than 11 bn RUR for buyback of shares from the minority of five enterprises of BashFEC. The offer on shares buyback has been directed to minority shareholders on February 24, the time for decision–making – 80 days.

Indian factor in the shares of Uralkaliy and Silvinit. In 2010 India might try to reach reduction of the contract price of the imported potassium chloride to 350 USD per ton, which will be the lowest level within the recent 4 years for the given region.

Putin signed enactment, defining the work techniques of power capacity market. On Wednesday Vladimir Putin announced having signed an enactment, which defines the work techniques of long-term power market. At that Putin outlined that the matter of admittance to the advantages of the long-term capacity market in the power energy market will be rigidly linked to the execution of the investment programs within power energy.