RUSAL’s 2024 had its own ups and downs, but it was a year of innovation, resilience and sustainability
RUSAL has cemented its position as the successor to the Russian and Soviet aluminium industry, consolidating leading facilities, innovative research, and cutting-edge technologies. Operating across four strategic business units—aluminium, alumina, energy, and mining and metals—the company's core segments, as highlighted in the H1 2024 report, remain aluminium and alumina. As 2024 comes to a close, we examine the industrial giant’s performance, milestones, and challenges.
A legacy of leadership
The roots of Russia’s aluminium industry trace back to 1885 when A. Novoveisky established the country’s first aluminium smelter in Sergiev Posad. Significant breakthroughs followed, including the Bayer method of alumina production in 1889 and the launch of the Soviet Union’s first aluminium smelter in Volkhov in 1932. By the mid-20th century, major developments included the construction of the Bratsk Aluminium Smelter in 1966, then the world’s largest, and the state-of-the-art Sayanogorsk Smelter in 1985.
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