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Russia's Rusal says aluminium production up 0.6 pct in 2017

Monday, Feb 05, 2018

   Russian aluminium giant United Company Rusal Plc said on Monday its 2017 aluminium production increased 0.6 percent from a year ago to 3.707 million tonnes.

  Hong Kong-listed Rusal said its aluminium sales rose 3.6 percent year on year in 2017 to 3.955 million tonnes and the average realized price jumped 21.5 percent to $2,105 per tonne.
  Rusal estimated that global aluminium demand grew by 6 percent from a year ago to 64 million tonnes in 2017 amid strong demand across all geographical regions, while robust demand growth left the global aluminum market in a deficit of around 1 million tonnes, it said in a filing to the Hong Kong bourse.
  Demand for aluminum in China grew 7.8 percent during the year to 34.9 million tonnes, it said.
  In November, Rusal posted a 30 percent jump in third-quarter core earnings, helped by higher aluminium prices and rising sales of value added products.
  The company’s shares eased 0.8 percent in Hong Kong on Monday morning. That compared with a 1.9 percent fall in the benchmark Hang Seng index.

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