Similar to peers, even Rusal benefited materially from the prevailing aluminium market tailwinds. Q2 sales came in at $2.5bn (+24% yoy; +7.4% qoq), with aluminium price gains (+22% yoy; +3.3% qoq) being further supported by recovering alumina prices (barring a sequential correction), improving metal premia (+7.4% yoy; +14% qoq) and healthy sales volumes. The adjusted EBIT came in at $382m (+68% yoy; +5.8% qoq), with top-line benefits (including higher share of value-added product sales) helpi
18 Sep 2017
Market tailwinds continue!
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Market tailwinds continue!
- Published:
18 Sep 2017 -
Author:
Varun Sikka -
Pages:
3
Similar to peers, even Rusal benefited materially from the prevailing aluminium market tailwinds. Q2 sales came in at $2.5bn (+24% yoy; +7.4% qoq), with aluminium price gains (+22% yoy; +3.3% qoq) being further supported by recovering alumina prices (barring a sequential correction), improving metal premia (+7.4% yoy; +14% qoq) and healthy sales volumes. The adjusted EBIT came in at $382m (+68% yoy; +5.8% qoq), with top-line benefits (including higher share of value-added product sales) helpi