Revenue
USD MN
Unparalleled cost efficiency through all of the value chain
Our Metals segment’s operations include the extraction and refinement of bauxite into alumina and the production and sale of primary aluminium, alumina and related products. En+ Metals segment is represented by RUSAL, a low cost, vertically integrated aluminium producer with core smelting operations in Siberia, in close proximity to the Group’s power plants. Metals segment’s aluminium smelters are major consumers of the power produced by the Power segment.
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4.2 mtpa
total aluminium capacity
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1 st quartile
of the global cash cost curve
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~65%
self-sufficiency in alumina
High degree of vertical integration
High degree of vertical integration
High degree of vertical integration
RUSAL operates nine aluminium smelters3 which are located in two countries: Russia and Sweden. The Company’s core asset base is located in Siberia in Russia, accounting for approximately 93% of the Company’s aluminium output in 2023. Among those, BrAZ and KrAZ together account for more than half of RUSAL’s aluminium production.
4.2 mtpa
total aluminium capacity
11
aluminium smelters
High degree of vertical integration
High degree of vertical integration
RUSAL operates eight alumina refineries located in six countries: Ireland (one plant), Jamaica (one plant), Ukraine (one plant), Italy (one plant), Russia (three plants) and Guinea (one plant). In addition, the Company holds a 20% equity stake in QAL, an alumina refinery located in Australia.
The Company’s strong alumina capacities help secure a sufficient supply for expanding the Company’s aluminium production capacity and enable leveraging favourable market conditions through third-party alumina sales.
The Company’s strong alumina capacities help secure a sufficient supply for expanding the Company’s aluminium production capacity and enable leveraging favourable market conditions through third-party alumina sales.
5.1 mpta
total alumina
capacity
8
alumina
refineries
High degree of vertical integration
High degree of vertical integration
RUSAL operates seven bauxite mines located in four countries: Russia (two mines), Jamaica (one mine), Guyana (one mine) and Guinea (three mines). The Company’s strong bauxite capacity helps secure a sufficient supply for expanding its alumina production capacity and enables leveraging favourable market conditions through third-party bauxite sales.
In 2019, the Group was approximately 80% self-sufficient in bauxite and nepheline production.
In 2019, the Group was approximately 80% self-sufficient in bauxite and nepheline production.
13.3 mtpa
total bauxite
capacity
7
bauxite mines
Aluminium is a lightweight metal that has good conductivity and is widely used in various industries. The oxide membrane formed on the surface of aluminium is strong and durable, making it resistant to corrosion and rusting, even after prolonged contact with moisture
Operational performance
2023
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Aluminium
4,153 kt
+6.6% year-on-year
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Alumina
5,133 kt
-13.8% year-on-year
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Bauxite
13,376 kt
-8.6% year-on-year2
Focus on efficiency and new technologies
Our Metals segment strives to achieve leadership in operational efficiency and is already among the three most cost-effective aluminium producers in the world. In-house R&D, engineering and design capabilities enable the Metals segment to develop new technologies that help to streamline production and cut capital and operation costs.
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-
Adjusted EBITDA
USD MN
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Net profit
USD MN
Downstream projects
The new Downstream division was established by the En+ to develop and improve the efficiency of producing value-added products from aluminium and aluminium- based alloys
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Foil and Packaging
RUSAL is the largest producer of a wide range of foil and packaging in Russia. The Company's production facilities produce foil with a thickness of between 5 to 240 microns, flexible packaging on its basis, aluminium strap and foil for household and technical purposes. -
Wheel business
Aluminium wheels are produced by SKAD and K&K LLC, RUSAL subsidiaries.Companies design and produce high quality wheel rims with diameters from 12 to 20 inches for the majority of cars manufactured worldwide.
Finished serial products under SKAD and K&K brands are delivered to the conveyors of all car manufacturers represented in Russia as well as to foreign consumers. In addition, individual orders are also manufactured. In particular, Aurus presidential limousines built as part of the Cortege project are equipped with wheel rims manufactured at RUSAL's plants.
Strategic Investment
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Development project
BEMO project
The BEMO project involves the construction of the 3.0 GW Boguchany HPP and the Boguchany aluminium smelter (BoAZ) in the Krasnoyarsk Region in Siberia.
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Development project
Taishet aluminium smelter
The project includes construction of an aluminium smelter in Taishet in the Irkutsk Region (Eastern Siberia). The Taishet smelter will become one of the largest non-ferrous smelters in Russia and one of the most environmentally friendly aluminium smelters in the world.
- Throughout 2018, En+ Group held a strategic 48.1% shareholding in RUSAL which allows the exercise of corporate control. In January 2019, En+ Group’s stake in RUSAL grew to 50.12% as a result of a swap transaction with Glencore. The transfer of an additional 6.75% of RUSAL shares to En+ Group is scheduled for no later than February 2020
- Bauxite output data was:
- calculated based on the pro-rata share of the Company’s ownership in corresponding bauxite mines and mining complexes.
The total production of the Company’s fully consolidated subsidiary, Bauxite Company of Guyana Inc. is included in the production figures, notwithstanding that minority interests in each of these subsidiaries are held by third parties - reported as wet weight (including moisture).
- calculated based on the pro-rata share of the Company’s ownership in corresponding bauxite mines and mining complexes.
- Nine aluminium smelters currently in operation