Rusal Cuts Production by 10% Yet Achieves 3.7% YoY Growth in Aluminum Output for 2024

【Rusal Announces 10% Production Cut, Yet Achieves Full-Year Production Growth in 2024】On April 28, Elena Bezdenezhnykh, Vice President of Rusal, stated in an interview with Russian media outlet Kommersant that, due to high alumina prices and external sanctions pressure, Rusal had initiated capacity optimization measures since the end of 2024, resulting in an overall 10% reduction in aluminum production. The production cuts were evenly implemented across various plants in regions such as Siberia, without closing any plants or halting production entirely.

Despite announcing production cuts at the end of the year, Rusal still achieved a 3.7% YoY increase in aluminum production for the full year of 2024, with total production reaching 3.992 million mt. Alumina production also increased by 25.27% YoY, reaching 6.43 million mt. (In 2023, alumina production was 5.13 million mt, and aluminum production was 3.85 million mt.)