ViganBühler GmbHTMS Awards 2023TBA GroupCimbriaGeneva Dry
  • Port of South Louisiana
  • TMS Awards 2023
  • TBA Group
  • Bühler GmbH
  • Cimbria
  • Port of Stockton

RUSAL announces 2018 results

RUSAL announces 2018 results

(Posted on 11/03/19)

RUSAL, a leading global aluminium producer, announces its results for the year ended 31 December 2018.

  • The aluminium market in 2018 was seriously affected by the Office of Foreign Assets Control (OFAC) sanctions as well as the trade wars and imposed import duties that resulted in significant growth of premiums and prices.
  • During 2018, revenue increased by 3.1% and amounted to USD10,280 million as compared to USD9,969 million for the same period of 2017 following the growth in the London Metal Exchange (“LME”) aluminium price, which increased by 7.2% to USD2,110 per tonne as compared to USD1,968 per tonne between the comparable periods. This was partially offset by a 7.2% decrease in primary aluminium and alloys sales volume.RUSAL achieved net profit of USD1.698 billion (+39%, year-on-year (“YoY”)) in 2018,compared to USD1.222 bln in 2017. The recurring net profit in 2018 amounted to USD1.695 billion (+7.8%, YoY), compared to USD1.573 bln in 2017.

Commenting on the full year 2018 results, Evgenii Nikitin, CEO of Rusal, said, “Despite the OFAC Sanctions, RUSAL’s robust full year results demonstrated skillful crisis management alongside the ability to adapt to a new operations’ environment. It maintained its strong market position through its high managerial competence and operational flexibility. In 12M18, aluminium production totaled 3,753 thousand tonnes which is a  1.2% increase compared to the prior year. Total production dynamics remained largely stable with capacity utilization reaching 96%.

The 2018 results demonstrated RUSAL’s solid position in its core business: revenue increased by 3.1% to USD10,280 million, and the Company recorded a net profit of USD1.698 billion which is a 39% increase compared to the previous year. 

We have continued to actively promote our new brand of low carbon aluminium, “ALLOW” which has been received well, particularly from climate-conscious customers. It has fostered RUSAL’s aim of being a green and environmentally friendly Company.

In January 2018, the Company successfully placed its third Eurobond issue. More than 100 investors from Europe, America, Russia and Asia participated in the order book for RUSAL’s new Eurobond issuance, which exceeded USD 1.5 billion, and allowed the Company to fix the coupon rate at the level of 4.85% which is the lowest coupon of RUSAL Eurobonds issued to date. This transaction further improved the Company’s debt profile and its ability to pursue new business opportunities.

The key achievement of the year is that despite the OFAC Sanctions, the Company remained highly operational, avoided any seismic personnel cuts whilst maintaining well-established multi-industrial supply chains in the countries of operation; this signaled to customers and investors that our business model remains efficient, even in difficult times.

Looking ahead into 2019 and the forthcoming years, we expect aluminium demand to recover after the trade wars and supply shocks of late 2018. Alongside forecasting markets outside China to be in heavy deficit in 2019, we are confident that RUSAL is fully capable to leverage this trend.”

Latest News

SSAB invests $74 Million to expand steel production in Alabama

(Posted on 07/05/25)

Highly-specialised global steel company, SSAB has announced a significant investment of approximately... Read more


GGC welcomes new Canadian government and urges farm priorities action

(Posted on 01/05/25)

Grain Growers of Canada (GGC) has welcomed Prime Minister Mark Carney and all Members of Parliament... Read more


US Soybean growers disappointed in 2;4-D Anti-Dumping and Countervailing Duties vote

(Posted on 30/04/25)

The International Trade Commission in the USA has voted in favour of imposing final anti-dumping (AD... Read more


Ukraine already sown two million hectares of spring grains

(Posted on 28/04/25)

As of April 25, 2025, farmers in all regions of Ukraine have sown 2M hectares (ha) of spring grain and... Read more


Condobolin rail upgrade fast-tracks NSW grain

(Posted on 25/04/25)

GrainCorp’s rail site at Condobolin, in the heart of central west New South Wales, Australia,... Read more


Rio Tinto and AMG assess low-carbon aluminium project in India

(Posted on 22/04/25)

Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have... Read more


BHP record iron ore and copper production demonstrates resilience

(Posted on 22/04/25)

BHP has released its Operational Review for the nine months ended 31 March 2025.BHP Chief Executive... Read more


WTO: Trump’s tariffs will shrink global trade

(Posted on 16/04/25)

The volume of world merchandise trade is expected to decline by 0.2% in 2025 under current conditions... Read more


$235million syndicated loan agreement to boost UAE trade with Trafigura

(Posted on 15/04/25)

In a strategic move to empower UAE exporters and advance the nation’s economic diversification... Read more


Anglo American update on sale of steelmaking coal business to Peabody

(Posted on 15/04/25)

Anglo American plc has noted the recent statement issued by Peabody Energy in relation to the definitive... Read more


Port of South LouisianaSailors SocietyPort of StocktonVan AalstTelestack
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping