Rusal, an aluminum supplier in Russia, said that its aluminum sales in the third quarter were up by 33.6% from the previous quarter since the US prolonged a relaxing period for sanctions against Rusal.
The total sales of the company for aluminum ingot and alloy was around 1.05 million tons in July to September, up by 33.6% from April-June quarter. Its revenue was US$2.9 billion, up by 29.5% for the period.
The US imposed sanctions against Rusal on April 6th, and provided a relaxing period. Therefore, Rusal could had its business at a pre-sanction level. It was supposed to end on June 5th, but later it was extended to October 23rd and now to November 12th.
The total sales for the first 9 months of this year was around 2.8 million tons, down by 5.4% from the same period last year. The total production was around 2.8 million tons, rising by 1.7% year-on-year.
Rusal’s aluminum sales rise in Q3 as US prolongs period for sanction
7 Nov 2018 14:43 reported by Judy Lin
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