PhosAgro announced the signing of a contract for the supply of aluminium fluoride and the raw materials for its production between PhosAgro-Cherepovets and UC RUSAL, as part of the cooperation agreement through 2034 between the two companies. The first contract involves the supply of aluminium fluoride produced by PhosAgro-Cherepovets to UC RUSAL TD until December 31, 2034. The approximate value of the transaction is over RUB 20 billion.

UC RUSAL TD will supply aluminum hydroxide, which is used in the production of aluminum fluoride, to PhosAgro-Cherepovets under a second agreement. The value of the second transaction is approximately RUB 6.5 billion. Both agreements were approved by a PhosAgro-Cherepovets extraordinary general meeting of shareholders on December 24, 2013.

The agreement between PhosAgro and UC RUSAL aims to support the further modernization of PhosAgro-Cherepovets and the eventual increase of aluminium fluoride supplies to RUSAL production facilities from 23,000 tones in 2012 to 35,000 tones in 2016.