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Friday, May 3, 2024

Rusal aims for more sales of low-carbon aluminum in Asia

MOSCOW — Russia’s Rusal, one of the world’s largest aluminum producers, is expanding sales of low-carbon products in Japan and other parts of Asia.

In addition to signing a preferential supply contract with Kosei Aluminum, an auto parts maker in the city of Toyota, in central Japan, Rusal has agreed to supply aluminum to a Taiwanese aluminum alloy maker. The company will soon bring a new plant online in Eastern Siberia online, and it aims grow its market share as global decarbonization efforts move ahead.

Rusal is the main company in the En+ Group, which includes energy and metals companies. Russia is the world’s second-largest producer of aluminum, along with India, and Rusal largely dominates the market for low-carbon aluminum. Roman Andryushin, who oversees Rusal’s sales and marketing, discussed the company’s plan to leverage low-carbon products in Asia with Nikkei.

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