Aluminium ingots are seen stored at the foundry shop of Rusal’s Krasnoyarsk smelter in Russia on October 3, 2018. Photo: Reuters
Aluminium ingots are seen stored at the foundry shop of Rusal’s Krasnoyarsk smelter in Russia on October 3, 2018. Photo: Reuters
Rusal

Ukraine conflict: Rusal’s best decade may end as customers flee, costs soar amid Russia sanctions

  • Rusal’s 2021 net profit more than quadrupled to a record US$3.22 billion, topping the previous peak in 2010 by 12 per cent
  • Rusal had been riding the wave of surging aluminium prices, which jumped 41 per cent last year to an average of US$2,553 per tonne

Aluminium ingots are seen stored at the foundry shop of Rusal’s Krasnoyarsk smelter in Russia on October 3, 2018. Photo: Reuters
Aluminium ingots are seen stored at the foundry shop of Rusal’s Krasnoyarsk smelter in Russia on October 3, 2018. Photo: Reuters
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