Fostering economic ties: RUSAL participated at the 8th China-Russia Expo

From May 17 to 21, the 8^th China-Russia Expo was successfully held at the Harbin International Congress and Exhibition Centre. It is included in the list of major events organised in China in connection with the 75^th anniversary of establishing diplomatic relations between the two countries. Within the framework of the China-Russia Expo, issues of trade, economic and investment cooperation, as well as the expansion of ties between Russian and Chinese companies were discussed.

RUSAL, a global leader in the aluminium industry, significantly impacted the 8^th China-Russia Expo. The company's booth, a hub of activity, attracted over 2,000 visitors in just four days. RUSAL's showcase featured its cutting-edge technological innovations and their practical applications across various industries, along with its latest strides in environmental protection.

In his speech during the round table, "Industrial cooperation between Russia and China: present and future", RUSAL’s CEO Evgenii Nikitin emphasised the close interaction and joint development between Russia and China in the aluminium industry. RUSAL is committed to providing high-quality aluminium products to the global market through technological innovation and low-carbon production. The company is also actively promoting cooperation between China and Russia in the fields of new energy, construction and automobile manufacturing.

China is RUSAL's major partner and a very important market. As the largest aluminium producer outside China and the global leader in low-carbon aluminium production, RUSAL has always been a reliable supplier that strives to develop China's aluminium industry. RUSAL's leading role lies in promoting new technologies that contribute to the industry's sustainable development, carbon footprint reduction, and environmental protection.

China’s decarbonisation efforts have increased demand for aluminium, a key material in manufacturing products known for its lightweight, infinitely recyclable, and corrosion-resistant properties. This is evidenced by the increase in RUSAL's aluminium shipments to China: in 2023, the volume grew by more than 2.5 times, reaching USD 2.855 million. For comparison, in 2022, a similar indicator was at USD 1.122 million. Accordingly, the import of aluminium in China is expected to grow in upcoming years as its production is reaching its capacity limit, and there is a need to fulfil the healthy demand for aluminium.

RUSAL's appearance at the 8^th China-Russia Expo demonstrated its leading position in the aluminium industry and strengthened in-depth cooperation between China and Russia. Moving forward, RUSAL plans to collaborate further with Chinese enterprises to contribute to both countries' economic growth and the advancement of the aluminium industry.