12 MAY 2017AlCircle.com
Rusal reports higher alumina sales volume in Q1 2017
Edited by : Beethika Biswas
1 min read
<p>UC RUSAL reported robust financial results for Q1 2017, driven by its operational efficiency and cost discipline, supported by stronger LME prices.</p>
<p>As reported in the result, Rusal produced 1,889 thousand tons of alumina in Q1 2017, registering a 0.9% increase from 1,873 thousand tons in Q1 2016 and 2.6% drop from 1,939 thousand tons in Q4 2016. This was offset by a solid increase in total alumina sales volume in the same quarter.</p>
<p><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/rusal%20refinery.jpg" alt="News" width="517" height="226" /></p>
<p>Total alumina sales revenue increased by 26.0%, to USD189 million in Q1 2017 from USD150 million in Q1 2016 and increased by 15.2%, compared to USD164 million in Q4 2016. The increase was driven by a rise in the average sales price of alumina which was partially offset by a decrease in the sales volume.</p>
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<p>Cost of alumina increased to USD230 million in Q1 2017 from USD215 million in the same period of 2016 primarily as a result of an increase by 10.0% in alumina purchase price as well as an increase in the aggregate volumes of primary aluminium and alloys sold by 2.9% (or 28 thousand tonnes).</p>
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