Russia's Rusal Q3 sales down 7.6% y/y

Credit: REUTERS/ILYA NAYMUSHIN

MOSCOW, Oct 27 (Reuters) - Russian aluminium producer Rusal 0486.HK on Tuesday reported a 7.6% fall in its third quarter aluminium sales compared with a year ago as the coronavirus pandemic hit demand for its metal used in construction materials, cars and cans.

Hong-Kong listed Rusal, the world's largest aluminium producer outside China, said its aluminium sales totalled 1.01 million tonnes in July-September 2020.

In the first nine months of 2020, global primary aluminium demand fell by 2.6% year-on-year to 46.7 million tonnes, while global production grew by 1.5% to 48.4 million tonnes, it added.

(Reporting by Anastasia Lyrchikova; writing by Polina Devitt; editing by Gabrielle Tétrault-Farber)

((Polina.Devitt@thomsonreuters.com))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.