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Rusal's Q3'19 aluminum production, sales inch up QOQ

United Co. Rusal PLC's aluminum production in the third quarter slightly improved by 0.4% over the second quarter to 942,000 tonnes.

Aluminum sales slightly rose by 0.8% to 1.1 million tonnes. However, the average aluminum realized price declined 3.8% to US$1,896 per tonne compared to the second quarter.

The Russian company said Oct. 25 that trade tensions between China and the U.S. as well as a general global slowdown further deteriorated aluminum demand in the third quarter compared to the second quarter.

Alumina production increased 2.1% quarter over quarter to about 2.0 Mt, with 35% of output from the company's Russian operations.

Meanwhile, bauxite and nepheline production in the three months dropped 6.9% and 11.1%, respectively, to 3.9 Mt and 1.0 Mt.

In the first nine months of the year, aluminum production was flat year over year at 2.8 Mt, while sales increased 9.8% to 3.1 Mt.

Rusal is reportedly looking to secure 2020 supply contracts during aluminum industry talks, which mark the first round of fall negotiations since the U.S. Treasury Department's Office of Foreign Assets Control lifted sanctions on the company in late January.