Russian aluminium producer Rusal reported a more than 20% increase in sales in the second quarter of 2019 compared with the previous quarter on Friday July 26.
The company reported sales of more than 1 million tonnes of aluminium in the second quarter, driven by its partial sell-off of its surplus primary aluminium inventory that had accumulated after Rusal was sanctioned by the United States' government in April 2018.The Office of Foreign Assets Control, which is part of the US Treasury Department, imposed sanctions against Rusal on April 6, 2018. The sanctions were in place for 10 months before they were removed.Rusal reported to have sold 414,000 tonnes of value-added products (VAP), a near 60% increase compared with the first quarter. The company also increased its VAP sales mix to 38% from 29% quarter on quarter,...