While the US had lifted sanctions against Rusal in January 2019, the aluminium major’s operating profitability has so far remained pretty weak. Despite meaningful sales volume recovery in Q2 19, price headwinds, lower VAP sales and high costs weighed on the operating results. Thankfully, healthy income/dividends from Norilsk Nickel has/have sustained. Even though markets are expected to remain challenging in the near term, the benefits of aluminium’s strong (demand) fundamentals a
13 Sep 2019
Profitability weakness persisted in Q2, although overall (long-term) attractiveness remains intact
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Profitability weakness persisted in Q2, although overall (long-term) attractiveness remains intact
- Published:
13 Sep 2019 -
Author:
Varun Sikka -
Pages:
4
While the US had lifted sanctions against Rusal in January 2019, the aluminium major’s operating profitability has so far remained pretty weak. Despite meaningful sales volume recovery in Q2 19, price headwinds, lower VAP sales and high costs weighed on the operating results. Thankfully, healthy income/dividends from Norilsk Nickel has/have sustained. Even though markets are expected to remain challenging in the near term, the benefits of aluminium’s strong (demand) fundamentals a