Russia: Rusal reports exports growth despite US sanctions

In June Rusal Russian works increased exports by 49% MoM.

Thus, 294 thousand tons of aluminum were exported against 197 thousand tons in May.

In January-June aluminum exports dropped by 9% YoY, to 1.27 million tons.

Last year Rusal sold 3.95 million tons of aluminum, with Europe accounting for 42%. (Ukrainian metal)

Russia: Rusal refuses state support due to bad terms

Russian businessman Oleg Deripaska, who was included in a sanctions list by the U.S. earlier this year, has turned down the support of Promsvyazbank due to unfavorable lending conditions. Oleg Deripaska has refused state lending via Promsvyazbank. The lending conditions, offered by the state bank, including the rate, were unacceptable, sources reported. A representative of…

Russia: Rusal elects new VP

Rusal has appointed Elena Bezdenezhnykh the vice president on regional policy and cooperation with authorities. She will be managing the subdivisions responsible for cooperation with regional and federal authorities. Elena Bezdenezhnykh has been previously working with Norilsk Nickel as the vice president, state secretary since 2015. She started working in the metal industry in 1995.…

Russia: Rusal to modernize Yaroslavsky GOK

In 2019 Rusal intends to start reconstructing the capacities of the Yaroslavskaya Mining Company LLC (Yaroslavsky Mining and Processing Works), which has been idle since September 2013. Commissioning of the enterprise is scheduled for Q3 2020. “The works used to produce calcium fluoride, which cost $406 per ton, while China and Mongolia sold it much…

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…