Rusal sees weak aluminum prices in 2020
2020-08-14 13:21:32 [Print]
Rusal said on Thursday its recurring net loss totaled $76 million in the first half of 2020 after a profit of $666 million a year ago as the COVID-19 outbreak hit demand.
Rusal, the world's largest aluminum producer outside China, said that it expected global aluminum prices to continue to remain at depressed levels in 2020.
The company posted adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of $219 million for six months ending June 30, down 58.5% from a year ago, while revenue fell 15% to $4.0 billion.
Rusal, the world's largest aluminum producer outside China, said that it expected global aluminum prices to continue to remain at depressed levels in 2020.
The company posted adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of $219 million for six months ending June 30, down 58.5% from a year ago, while revenue fell 15% to $4.0 billion.
Aluminum Alloy ADC12 FOB China
Unit:USD/mt
China secondary aluminum alloy producers' inventory statistics by province by month
Unit: mt
