Co. Rusal (UC Rusal) will produce 324,733 fewer tonnes of
aluminum this year vs. 2012, and will cut an additional 322,771
tonnes next year, it said.
represent an 8-percent decline in production from 4.17 million
tonnes in 2012.
The cuts are taking
place at UC Rusals least efficient smelters, allowing the
company to realize savings of $40 per tonne in production
"(UC) Rusal continues
to react to the current market conditions and may consider
further actions to improve its cost position in the industry,"
Vladislav Soloviev, first deputy chief executive officer, said
in a statement.
As of Oct. 17,
aluminum production has been mothballed at the companys
Volgograd, Urals and Volkhov smelters, as well as at the first
phase of the Novokuznetsk smelter in Russia and at the Alscon
smelter in Nigeria, UC Rusal said in an update on its volume
Cuts have also been
made in potroom capacity at the Bogoslovsk and Nadvoitsy
smelters, it added.
Production volumes at
the Sayanogorsk, Irkutsk, Novokuznetsk and Khakass smelters in
Russia have also fallen due to reduced power supplies to those
company has also delayed the commissioning of the Boguchansky
smelter until the middle of next year.