Apr 26, 2017 News
Russian Federation aluminium titan, U.C. Rusal, released operating results for the first quarter of 2017 yesterday.
Aluminium and bauxite production numbers were down slightly in the quarter, while bauxite production showed a marginal increase, the company said.
Rusal’s smelters ran at a 95% utilization rate and turned out 910,000 metric tons of primary aluminium in the quarter, off by 2.1% from the previous quarter.
Production was led by the firm’s Siberian smelters, who accounted for all but 6% of production. Rusal credits the marginal fall in production to the fact that the first quarter had two fewer days than the quarter prior.
The first-quarter average aluminium realized price came to US$1,949 per ton, an 8.3% increase over fourth quarter numbers from last year. A nine per cent increase quarter-on-quarter of aluminium at the London Metal Exchange and a 1.4% realized premium growth to US$153 per ton buoyed the average aluminium realized price in the quarter.
The firm sold 985,000 metric tons in the quarter, an increase of 6.8% quarter-on-quarter. That number includes 436 thousand metric tons of value-added products, an increase in that department of 7.8% over the preceding quarter. Rusal credits leftover inventory from the quarter before for the increase in sales.
Alumina production was slightly off in the just-ended quarter, totaling two million metric tons, which was 2.6% lower than the previous period. Operations in Russia accounted for over one-third of the quarter’s total output, which ran largely true to projections. Refineries at Achinsk and Urals boosted production, largely offsetting seasonal repairs carried out at Windalco, Auginish, and Bogoslovsk.
Rusal harvested 2.9 million metric tons of bauxite ore in the quarter, which was a one per cent increase over the prior quarter. The Bauxite Company of Guyana led the production charge that quarter by posting a 13.2% increase quarter-on-quarter.
Rusal has operations in Aroaima and Kwakwani, Region Ten.
May 26, 2022The Georgetown Cricket Association recently held a press conference to update the media on issues that are pertinent to the sustainability and development of Cricket in Georgetown.High on their...
Kaieteur News – It is Independence anniversary once more. In my 34 years in column-writing, I have examined Guyana’s... more
By Sir Ronald Sanders Kaieteur News – The Summit of the Americas, scheduled to be held in Los Angeles from June 8 to... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]