ArmInfo.RUSAL (SEHK: 486, Moscow Exchange: RUAL), a leading global aluminium producer, announces its operating results for the fourth quarter of 2021 ("4Q21") and for the 12 months ending 31 December 2021 ("12M21"), the press service of the company reports.
Key results
In the twelve months of 2021, the volume of aluminum production at RUSAL plants amounted to 3,764 thousand tons, almost unchanged (+0.2%) compared to the previous year. Sales of aluminum as a whole decreased by 0.5% - to 3,904 thousand tons. At the same time, aluminum sales in Russia increased by 18.8% and amounted to 865 thousand tons. If we take into account aluminum sent to RUSAL's enterprises for the production of foil, car rims, aluminum powder and other products, the total volume of deliveries to the Russian and CIS market reached a record 1.2 million tons (+19.6% compared to 2020).
During the reporting year, the price of aluminum on the London Metal Exchange (LME) reached a level higher than $3,000 per ton. This was due to significant increases in natural gas prices and low supply of electricity from renewable energy sources, resulting in a sharp increase in the price of electricity in Europe. In 2021, global demand for primary aluminum increased by 8.8% to 69 million tons.
Foil and packaging
In 2021, RUSAL plants produced 109 thousand tons of foil and packaging materials (+5.2%). The volume of production of Yerevan ARMENAL for the reporting year amounted to 33.5 thousand tons of products (- 5.6%), Sayanogorsk SAYANAL produced 39.3 thousand tons (+6.0%), "Ural foil" - 30.4 thousand tons ( +17.2%), "Sayan foil" - 5.7 thousand tons (+14.1%).
It should be noted that RUSAL (www.rusal.ru) is the leader of the global aluminum industry. The company was founded in 2000 by Oleg Deripaska. In 2021, the company accounted for about 5.6% of global aluminum production and 6.3% of alumina. RUSAL is present in 20 countries on 5 continents.
The ARMENAL plant has been part of RUSAL since 2000. It is one of the largest industrial enterprises in Armenia and the only producer of aluminum foil in the Caucasus and Central Asia. It was established on the basis of the Kanaker aluminum factory, which was put into operation in 1950.
