Russia: Rusal revenue up in Q1 2018

In January-March Rusal revenue totaled $2.744 million, up by 19.5% YoY. The revenue grew following the increase of aluminum prices at the LME by 16.7%, to $2.159 thousand per ton from $1.85 thousand per ton. As the result the adjusted EBITDA increased by 20.4%, to $572 million from $475 million. Aluminum output in January-March dropped…

Russia: RUSAL revenue up in Q1 2018

The revenue of the Russian aluminum giant UC RUSAL rose by 19.5% YoY, to $2.744 billion in January-March, the company said on May 11. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.4%, to $572 million. RUSAL also said that its previous forecasts for its operations were already irrelevant due to the…

Russia: Rusal exports down in April 2018

In April Rusal works decreased aluminum exports by 70% MoM and by 68% YoY, to 76.7 thousand tons. In March the company experienced an export growth of 13% MoM. Despite the ease of sanctions, none has resumed cooperation with Rusal. But all the major works in Siberia are operating. At the same time the aluminum…

Russia: Deripaska to keep control of RUSAL

Oleg Deripaska plans to keep control over RUSAL even as the Russian aluminum giant battles for survival in the face of harsh U.S. sanctions, Bloomberg reported on April 26, citing people familiar with the matter. Deripaska was counting on lobbying by European governments to help ease the U.S. sanctions, said the people, who asked not…