Rusal assures equal quality of aluminium for both domestic and foreign markets post demerger

Rusal has reportedly assured that domestic aluminium supply will not be more carbon-rich than the aluminium dedicated for exports after demerger of assets into a separate company. In fact, it will offer equal quality of aluminium to both domestic and foreign markets. The news came after Rusal CEO Evgeny Nikitin said this in an interview with TASS on the sidelinnes of the St. Petersburg International Economic Forum (SPIEF).

Nikitin explained, "We did not imply such a division [in quality of aluminium], our clients will receive exactly the metal they order from us. Nobody says that Al+ will not supply products to the Russian market. The fact that the new company will focus on the domestic market, it happened with us historically, the enterprises of the new company today have more than 60% of contracts on the domestic market, these contracts will remain with these enterprises. Therefore, one cannot say that the metal on the Russian domestic market will have a high carbon footprint."

The Russian aluminium giant has targeted the first quarter of 2022 as its timeline to complete the spin-off of its assets. Rusal will keep most of its production assets and mobilise them to reach its full potential as a sustainable business.

According to a very recent report, En+ Group, which own 56.9 per cent of Rusal, supports the demerger of assets with a pro-rate distribution of shares among all shareholders. Rusal’s second-largest shareholder Sual partners said that it would like to see more options on the table.