Rusal Says Its Aluminum Production Grew by 1.3% to 3.753Mln Tonnes in 2018

03:51 GMT, 8 February 2019

MOSCOW (Sputnik) - Russia's United Company RUSAL said that in 2018, its aluminium production grew year-on-year by 1.3 percent to 3.753 million tonnes.

Sputnik

In the fourth quarter of 2018, the company's aluminium production increased in comparison with the third quarter by 0.4 percent to 943,000 tonnes.

Washington Lifts Sanctions Against Russian Companies En+, Rusal, Eurosibenergo

27 January 2019, 21:25 GMT

The average price for aluminium last year went up by 7.3 percent to $2,259 per ton. However, in the fourth quarter of 2018, the quarterly price lowered by 7 percent to $2.115 per ton.

Last month, The London Metal Exchange (LME) said in a statement that the LME lifted restrictions on warranting Rusal-branded metal after the United States removed sanctions on the Russian aluminium giant.

In April, the US introduced new sanctions against Russia, in particular, adding Deripaska and a range of Russian companies, including Rusal, to the OFAC's List of Specially Designated Nationals and Blocked Persons. The entities included in this list have their assets in the United States blocked, and US citizens are banned from any business with these companies, including any operations with debt and equity instruments.