Rusal Q3 sales fall but VAP sales share grows

Aluminium producer Rusal’s sales dipped by nearly 12% quarter-on-quarter to 915,000 tonnes in July-September 2021, according to its latest statement of operating results.

“Aluminium sales dynamics can largely be explained by an increase of goods in transit that are recognized as inventory, which was caused - among other factors - by transport capacity restrictions in supply chains globally,” the company said. Value-added product (VAP) sales in the third quarter totalled 498,000 tonnes. VAP sales made up 54% in comparison with 52% in the second quarter, which was in line with the company’s strategy of expanding in the sector, it said. European...

Published

Justin Yang

October 27, 2021

13:27 GMT

London