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Russia's Rusal fully resumes aluminum supplies to Europe, US

CEO of the company noted that Rusal continues resuming supplies to all export markets in pre-sanctions volumes

© Dmitriy Rogulin/TASS

KRASNOYARSK, April 1. /TASS/. Russia’s aluminum producer Rusal has fully resumed supplies of primary aluminum to the United States and Europe to the level prior to US sanctions, Chief Executive Officer Evgenii Nikitin said in an interview with TASS at the Krasnoyarsk Economic Forum on Monday.

"The volume (of supplies to Europe and US - TASS) has been fully resumed on aluminum. It has not been resumed on alloys, though we are working towards that," he said.

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CEO noted that the company continues resuming supplies to all export markets in pre-sanctions volumes.

He also said that Rusal is starting supplies on new contracts with Japanese and American contractors.

Rusal’s Director of Strategy, Business Development and Financial Markets Oleg Mukhamedshin said in early March that the company had resumed deliveries of high-margin produce and alloys to the United States "at significant levels."

Rusal is the largest aluminum producer outside China and the only primary aluminum producer in Russia. In 2018, the company produced 3.753 mln tonnes of aluminum, an increase of 1.3% compared with 2017. Meanwhile, sales dropped by 7.2% in the period to 3.671 mln tonnes. Rusal exported more than 80% of its products before US sanctions were slapped. Restrictions were lifted in late January.

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