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Rusal will not only lose its overseas market share, but also its domestic sales.

iconApr 23, 2018 09:11
Source:SMM

SMM4 23: us aluminum producer Arconic Inc. And Ball Corp. The Russian branch has a large business, accounting for more than 1/4 of Russian aluminum consumption. As Rusal was sanctioned by the US two weeks ago, the two US companies will no longer be able to buy raw materials from Rusal. These two companies mainly produce auto parts, beverage cans and other kinds of aluminum products. Rusal sells 20 per cent of its aluminium domestically. Kirill Chuyko, an analyst at BCS Global Markets, said by telephone that it was also a big problem for the Russian government. The Russian government has previously said it will vigorously develop local manufacturing. Chuyko said the two US factories might have to switch to imported materials. Another option is that these companies may obtain permission from the US Treasury to continue to buy aluminum raw materials from Rusal. He added that without a solution, US companies would need to sell their factories in Russia. Rusal, Arconic and the Russian Ministry of Industry and Trade have not announced any resolution for the time being.

Aluminium
production
mining
import and export

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