Rusal sees room for rebound after weak global aluminium demand in H1

August 14, 2020 / www.metalbulletin.com / Article Link

Aluminium producer Rusal said global primary aluminium demand was down 6.6% to 30.3 million tonnes in the first half of 2020, with Covid-19 lockdowns halting most economies globally throughout the period.

Although it estimates there was a decrease in demand in most regions of the world, the producer sees room for a rebound in the second half of 2020, it said in its first-half earnings report published on Thursday August 13. But risk still looms due to the pandemic's potential for a second wave.

North America primary aluminium demand fell by 18.2% to 2.8 million tonnes in the first half, according to Rusal's estimates. The company added there are bullish expectations for the transport and construction sectors despite the fall, which the company expects to be significantly smaller than previously...

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok