President of RUSAL: Chinese trend of aluminum industry affects global aluminum industry

Mining News -The global aluminum giant RUSAL has also achieved good business and financial performance.

RUSAL recently released 2017 annual results of operations and report for the fourth quarter. The data showed that the production in 2017 was around 37.1 million tons, a year-on-year increase of 0.6%; the sales volume of aluminum was around 39.6 million tons, a year-on-year increase of 3.6%; the achieved revenue was around US$10 billion, a year-on-year increase of 24.9%; the net profit was around US$1.2 billion, a year-on-year increase of 3.6%.

In the fourth quarter of 2017, RUSAL`s total output of aluminum was around 940,000 tons. The total output of Siberia smelter accounted for 94% in the total aluminum output. The trend for total output remained stable and the utilization rate of the production reached 97%.

In 2017, the global demand for aluminum increased by 6% and the price of aluminum rose by 22.7%, which effectively supported RUSAL`s sales performance.

Because of China`s huge market volume, the current force of the aluminum industry to less capacity was undoubtedly affecting the global aluminum market. Alfonso Lou Via J stressed that "China is the world`s largest aluminum market. The market sales and every move will affect the global trend, because the Chinese market is still going to continue to push forward the capacity of the aluminum industry and the strong performance of the aluminum demand is in the key market, the price of aluminum products has been effectively supported, and the aluminum market will enter a new round of rebalance.