Aluminium giant Rusal swings to first-half profit on higher commodity prices
Russian aluminium giant Rusal swung to a first-half adjusted net profit on Wednesday, driven by higher aluminium prices linked to heightened global volatility.
The world's largest aluminium producer outside China, posted adjusted net profit of $196-million for the six-month period ended June 30, a sharp turnaround from a loss of $194-million a year earlier. Revenue increased 10.9% to $8.34 billion.
"Aluminium prices surged to four-year highs within just a couple of months, and then rapidly retreated to their starting point," said chairperson Bernard Zonneveld.
"In many markets where Rusal served as a responsible and reliable supplier, aluminium premiums reached historic levels."
Total sales cost rose 3.3% to $6.31-billion, driven by higher energy costs.
"Currently, the group believes this tariff increase as temporary and expects tariffs to stabilise in the medium term," Hong Kong-listed Rusal said, referring to electricity tariffs.
"However, should electricity prices rise to the average levels of 1H 2026, other variables being unchanged, an impairment charge would be recognised in the consolidated financial statements of the group."
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation


















