Rusal Q4 profits hit by US sanctions but aluminium production stable

By IM Staff
Published: Monday, 11 February 2019

Aluminium producer UC Rusal’s profits from aluminium sales in the fourth quarter of 2018 were down by 16% year on year because the company was operating under trading sanctions imposed by the United States, according to an earnings statement published on Friday February 8.

Rusal’s aluminium production in October-December totaled 943,000 tonnes, up by 0.4% quarter on quarter. Smelters in Siberia contributed 93% of the total aluminium output, and the company said that production dynamics remained largely stable throughout the quarter.

Aluminium production globally totaled 3.753 million tonnes in 2018, up by 1.3% year...

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