ArmInfo. In the Q1 of 2019, production at Armenal foil-rolling plant in Yerevan, which is part of RUSAL, decreased by 15.1%. This is stated in the message of "RUSAL", announced the operating results of January-March this year.
According to the source, in the Q1 of 2019, Armenal produced 7.6 thousand tons of aluminum foil against 9 thousand tons in January-March 2018. At the same time, in the Q4 of last year, 5.9 thousand tons of foil were produced, which is 29.4% less than in the first three months of the current year.
In general, according to the company, according to the source, the volume of aluminum production in Q1 of 2019 amounted to 928 thousand tons (-1.6% compared with the previous quarter). The company's plants located in Siberia accounted for 93% of the total aluminum output. In Q1 of 2019, sales of aluminum amounted to 896 thousand tons. In the Q1 of 2019, sales of value-added products decreased to 259 thousand tons (-2.2% compared with the previous quarter).
The short-term periods for the renewal of OFAC general licenses had a negative impact on this period, since the sanctions were lifted only on January 27, 2019. In Q1 2019, the average selling price of aluminum decreased by 7.8% compared with the previous quarter, to $ 1.949 per ton. In the Q1 of 2019, the production of alumina decreased by 1.3% compared with the previous quarter and amounted to 1.932 thousand tons. Russia produced 35% of the total volume of alumina. In Q1 2019, bauxite production increased by 3.0% compared with the previous quarter and amounted to 3.831 thousand tons. The volume of foil production in Q1 2019 amounted to 24 thousand tons, which is 23.7% higher than the previous quarter.
To recall, from January 27 of this year the United States lifted sanctions from Oleg Deripaska's companies, including the Armenal plant.
RUSAL (www.rusal.ru) is the leader of the global aluminum industry. In 2018, the company accounted for about 5.8% of global aluminum production and 6.2% of alumina. The company employs about 64,000 people. RUSAL is present in 20 countries of the world on 5 continents.