RUSAL (traded as SEHK: 486; MCX: RUAL), the world's leading aluminium producer, announces the performance results for the six months that ended on 30 June 2020.
Key highlights:
Commenting on the interim 2020 results, Evgenii Nikitin, CEO of RUSAL, said:
“Despite the industry slowly starting to recover from the unprecedented blow caused by the pandemic, we are proud to say that RUSAL’s resilience was down to the robust business model long before COVID-19. Solid ties with our clients, uninterrupted production cycle, self-sufficiency in proper raw materials, investments in environmental and efficient technology, continuous expansion of the product portfolio, the development of proper technological applications and a long-term focus on sustainability – all these assets have placed our business among the leaders of the industry.
Unfortunately, challenges caused by the pandemic are not the only ones that the world is facing today. The importance of protecting the environment and impact of climate change requires businesses be more receptive and subsequently, the investment community and market needs the corporate sector to respond in accordance with the current threats facing us. In the post-pandemic times the urgency and need for lowering carbon emissions is likely to remain a priority.
There are numerous routes towards a low carbon future - one is through the investment in the research and development and substantial improvement of the technologies with bringing aboard breakthrough solutions and another is the production of materials through renewable energy sources. RUSAL has been at the forefront of combatting climate change through production of low carbon aluminium ALLOW with a carbon footprint lower than the market average coupled with the investment in the environmental technologies. We continuously strive to enhance our leadership through relentless development of proper innovative solutions, such as inert anode, and retrofitting of our smelters (including such substantial production sites as Krasnoyarsk aluminium smelter) using the Eco-Soderberg technology.
We believe that our agile approach coupled with the focus on sustainability will help us go through these challenging times.”