Aluminium giant Rusal boosts Asia revenue but Europe remains a key market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Russia's Rusal boosted sales in Asia in the first half of 2023 but Europe remained a key market accounting for more than 30% of revenue, the world's largest aluminium producer outside China said on Friday as it reported a slump in profit.

Although Rusal itself is not a target of Western sanctions, its production costs have surged due to the fallout from Russia's 2022 invasion of Ukraine.

However, Rusal's first-half results show that a significant part of the European market, where demand in general has been relatively weak this year, continues to buy Russian-origin aluminium.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines