United Company RUSAL (RUSAL) announced its proposal to demerge its high carbon assets into two companies. The Board of Directors has approved this proposal, which was in line with the company's goals and strategies to achieve carbon neutrality by 2050.

As part of the process, RUSAL will change its name to AL+, and the B board of directors included this issue into the annual shareholders meeting agenda scheduled on June 24.

AL+ will center upon net zero priorities, the establishment of its low-carbon brand ALLOW, and the development of a new net zero brand.