MOSCOW, Feb 27 (Reuters) - Russian aluminium producer Rusal RUAL.MM said on Thursday it is setting up a 1.5 tonne-a-year production facility for the rare-earth metal scandium, with the capacity to increase to 19 metric tonnes a year.
Investment in the project will amount to 500 million roubles ($5.73 million), the company said in a statement.
($1 = 87.2000 roubles)
(Reporting by Reuters; Editing by Mark Trevelyan)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.