Research on the Supply Chain of Aluminum Anti-collision Beams for Automobiles

Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles

Aluminum Wire Supplier Screening 

Cost Analysis of AL Extrusion for Target Units

Cost Analysis Of AL Extrusion For Target Units

Research on the Sustainable Development Layout of key Players(Foil, Roll, Plate)

Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)

Optimization of Purchasing Cost for Casting Alloys

Optimization Of Purchasing Cost For Casting Alloys

NewsFlash

Aluminium

Rusal 2010 Net More Than Triples on Aluminum Prices, Volumes (1) 

2024 SMM (19th) Aluminium Conference & the First Aluminium Industry Expo

CLNB 2024 9TH CHINA NEW ENERGY EXPO

Indonesia Nickel & Cobalt & EV Industry Conference 2024

ASEAN Tin Industry Conference 2024

ASEAN Coal Industry Conference 2024

ASEAN Aluminium Industry Conference 2024

2024 ASEAN Automotive Supply Chain

2024 Global Renewable Metal Industry Chain Summit

2nd Li-ion Battery Europe 2024

NET ZERO EUROPE - Solar & Energy Storage Summit

SMM Morning Review - 2011/3/31 Zinc Market

March 31 (Bloomberg) -- United Co. Rusal, the world&rsquo;s largest aluminum maker, more than tripled profit last year on higher sales volumes and a rise in the price of its products.
Net income was $2.87 billion, or 19 cents a share, from $821 million, or 6 cents, a year earlier, Moscow-based Rusal, the first Russian company to sell shares in Hong Kong, said today in a statement. The median estimate of 13 analysts compiled by Bloomberg was for net income of $2.02 billion.
&ldquo;This strong growth was driven by a significant increase in demand and prices for our metals,&rdquo; Rusal said in the statement. The company said it will increase output this year.
Improving earnings last year helped Rusal, whose chief executive officer Oleg Deripaska is also majority shareholder, pare net debt to $11.5 billion at the end of 2010 from about $17 billion in 2008. The company, which said this month it repaid a further $835 million to creditors, became &ldquo;one of our favorite&rdquo; stocks of BlackRock Inc. due to its low cost production and debts, the money manager said Feb. 16.
Rusal rose 0.6 percent to close at HK$12.88 in Hong Kong trading yesterday, taking its gains for the year to 8.1 percent. The company&rsquo;s shares are also listed in Paris and its depositary receipts trade in Moscow.
Aluminum averaged $2,199 a metric ton in 2010 in London trading, 29 percent more than the year before. Nickel, the main revenue earner for Russia&rsquo;s OAO GMK Norilsk Nickel, in which Rusal holds a 25 percent stake, traded at an average of 48 percent higher over the year.
Sales, Output
Rusal&rsquo;s sales rose 34.5 percent to $11 billion and the value of its stake in Norilsk increased 67 percent to $11 billion as of Dec. 31, the company said.
Aluminum output climbed 3.5 percent to 4.08 million metric tons, while production of alumina, an intermediary material used to make the lightweight metal, grew 7.7 percent to 11.8 million tons.
Rusal plans to boost output by 2 percent this year with higher production at its Siberian smelters, the company said. Alumina output will rise 8 percent this year based on more production at its Windalco-Ewarton refinery in Jamaica.
Deripaska spent much of last year feuding with rival Norilsk shareholder Vladimir Potanin for control over cash flows at Russia&rsquo;s biggest mining company. Deripaska last month spurned Norilsk&rsquo;s offer of $12.8 billion to buy back 20 percent of its stock from the aluminum maker.
The rejection caused a disagreement with Rusal&rsquo;s second- largest shareholder Mikhail Prokhorov. Rusal Chairman and investor Viktor Vekselberg also favored the sale of Norilsk shares, Interfax reported Jan. 24.
The conflict didn&rsquo;t stop Potanin from buying shares of Rusal last year after its $2.24 billion initial public offering in Hong Kong in January 2010. The investment wasn&rsquo;t &ldquo;big,&rdquo; Potanin told the Moscow-based Vedomosti newspaper in an interview published March 10. 
&nbsp;

SMM Morning Review - 2011/3/31 Tin Market

  | Shanghai Non ferrous Metals

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit