
RUSAL, a leading global aluminium producer, announced its results for the six months ended 30 June 2020. The company’s revenue decreased by USD721 million, or 15.2% to USD4,015 million in H1 2020 from USD4,736 million in H1 2019 due to lower LME aluminium price.

Revenue from sales of primary aluminium and alloys reduced by USD559 million, or by 14.4%, to USD3,318 million, from USD3,877 million for the first half of 2019. Revenue from sales of alumina decreased by 28.8% year-on-year to USD242 million in H1 2020.
Revenue from sales of foil and other aluminium products decreased by USD27 million, or by 13.2%, to USD178 million in the first six months of 2020 due to a decrease in sales of aluminium wheels between the comparable periods.
Evgenii Nikitin, CEO of RUSAL, said: “Despite the industry slowly starting to recover from the unprecedented blow caused by the pandemic, we are proud to say that RUSAL’s resilience was down to the robust business model long before COVID-19. Solid ties with our clients, uninterrupted production cycle, self-sufficiency in proper raw materials, investments in environmental and efficient technology, continuous expansion of the product portfolio, the development of proper technological applications and a long-term focus on sustainability – all these assets have placed our business among the leaders of the industry.
RUSAL has been at the forefront of combatting climate change through production of low carbon aluminium ALLOW with a carbon footprint lower than the market average coupled with the investment in the environmental technologies. We continuously strive to enhance our leadership through relentless development of proper innovative solutions, such as inert anode, and retrofitting of our smelters (including such substantial production sites as Krasnoyarsk aluminium smelter) using the Eco-Soderberg technology.”
Adjusted EBITDA decreased to USD219 million during the first six months of 2020, as compared to USD528 million for the corresponding period of 2019 due to a significant decline in LME aluminium price.
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