In 2023, net profit of the aluminum monopoly Rusal collapsed 6-fold YoY due to the drop in prices despite the growth in sales after the company reoriented to Asia. Rusal was hit by direct Western sanctions in 2022 following the Russian invasion of Ukraine. Last year, Rusal sales increased by 6.6%, to 4.15 million tons,…
The Ministry of Justice has received information that Rusal supplies aluminum products to the enterprises of the Russian military complex involved in the development and manufacture of military machines, weapons and ammunition to the armed forces of the terrorist-state. Rusal is owned by the Russian oligarch Oleg Deripaska. Most of the aluminum products are made…
Shevchenkovskiy District Court of Kyiv has transferred to the National Assets Recovery and Management Agency 90 arrested carriages with 6.23 thousand tons of alumina. Alumina belongs to Rusal Bratsk (Russia) and RS International GmbH (Switzerland), all part of Rusal. The value of the alumina is over 80 million UAH. The arrested goods will be sold.…
A court has arrested Glukhovskiy Quartzite Quarry LLC belonging to Rusal. According to the General Prosecutor’s Office, the quarry illegally extracted high-quality quartzite, silicon and ferrosilicon at the Banitskoye deposit in Sumy region. After that the raw materials were illegally exported to Russia and sold for the benefit of the military complex, in particular, for…
Rusal is concluding a contract with Glencore to supply 6.873 million tons of primary aluminum in 2020-2024. The value of the contract is estimated at $16.3 billion. In 2025, the contract is expected to be prolonged. The previous contract was valid in 2011-2018 and provided for the delivery of 14.5 million tons of aluminum. This…
The net profit of Russian aluminum giant UC RUSAL fell by 44.5%, to $960 million in 2019, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on March 13. The adjusted net loss amounted to $270 million after an adjusted net profit of $856 million a year ago. Revenue fell…
The aluminum production of Russia’s UC RUSAL grew by 0.7% QoQ, to 949,000 tons in October-December 2019, the company said in a statement on February 28. Alumina production rose by 4.7%, to 2.05 million tons, bauxite – by 2%, to 4.026 million tons, and nepheline ore – by 5.6%, to 1.074 million tons. Output of…
In 2020 Rusal will spend 5.2 billion rubles to modernize Sayanogorsk and Khakassk Aluminum Plants. The HAZ foundry department and SAZ electrode manufacture will see the largest projects. In particular, a raw aluminum purification system will be installed in the 10-ton ladles at HAZ. SAZ will modernize its anode pelletizing furnaces. The program will be…
