MOSCOW, March 15. /TASS/. Rusal boosted sales to China more than 2.5-fold in 2023, with the total share of Asia in the structure of sales standing at 38.4%, a source in the company’s press service told TASS.

"An increase in physical sales was ensured by successful refocusing on the Asian markets. Rusal’s sales to China grew more than 2.5-fold, with Asia’s share in general in the sales structure having increased from almost 27% in 2022 to 38.4% in 2023," the press service said.

Meanwhile, the share of the domestic market, including CIS countries, also went up and reached 31.9%.

The company’s investment program remained at the level exceeding $1 bln, Rusal added.

Rusal is the largest aluminum producer outside of China and the only primary aluminum producer in Russia. En+ Group founded by Oleg Deripaska is the largest shareholder of Rusal with a share of 56.88%. SUAL Partners holds 25.52% of shares, while free float stands at 17.59%.