Rusal reported the results of the work in 2022 – the company talked about the increase in the cost of production and aluminum production volumes, the decrease in profits and the diversification of supplies, reports TASS.
“Inflation and geopolitical tensions triggered an extreme rise in energy and raw material prices, which, together with the strengthening of the ruble and the complexity of logistics, caused the cost of aluminum production to rise 31.8% to US$2,190 per tonne (compared). to $1,661 per ton in 2021)” was included.
In addition, Rusal explained that the company’s profit fell 53% to $725 million, while aluminum sales fell 0.2% to 3.896 million tons. Despite the difficulties, the company managed to diversify its supply chains and enter the expanding Russian market and enter the Asian market.
an expert before said about the return of aluminum’s popularity in the construction industry.