Rusal resumes aluminum supplies to U.S.; hopes to win back customers by September 2019
Thursday, April 18, 2019
According to Reuters, Russian aluminum supplier Rusal has resumed aluminum supplies to the U.S. market and aims to win back customers it lost due to sanctions by September when the industry seals supply contracts for 2020.
Last autumn, Rusal, the world’s largest aluminum producer outside China, missed the traditional window for contracting sales for this year as it was still negotiating with the U.S. Treasury Department to be removed from a sanctions list.
“We fulfilled all our obligations even during the period of sanctions, we did not allow ourselves a single failure. Therefore, some of our former partners are already coming back, new partners are coming,” CEO Evgenii Nikitin said.
“We hope that we will be able to bring back our clients toward September, the contracting period for 2020,” he added in an interview with Reuters.
Rusal’s nine months of talks with Washington ended successfully in late 2018. In January, Washington excluded Rusal from the sanctions list but kept founder Oleg Deripaska, who had to give up his control of the firm as part of the deal.