Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Russian Aluminum’s (Rusal’s) quarterly primary aluminum output fell by 1.2pc to 927,000mt in Q2 2020, compared with the prior-year period. 


The company’s aluminum sales dipped almost 11pc to 976,000mt in Q2 2020. Value-added products such as billets, ingots, and slabs contributed 29pc or 363,000mt to these sales. The average realized price of aluminum and its products at Rusal was $1,654/mt, this quarter. 


Alumina production in Q2 2020 climbed 4.8pc to 2mn mt from 1.91mn mt in the same quarter in 2019. Bauxite production in April-June fell 9pc over the previous year’s quarter to 3.89mn mt. This was affected by the seasonal output cycle. 


According to JPMorgan, Global manufacturing, global aluminum capacity utilization rose from 42.4pc in May, to a five-month high of 47.8pc. The accepted ideal standard is 50pc utilization. Thus, a slow-paced contraction has been seen in production during the first half of this year. 


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