OREANDA-NEWS. UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUALR/RUALRS), a leading, global aluminium producer, announces its key production data for 2013.

Key highlights:

Total aluminium output amounted to 3,857 thousand tonnes in 2013, a decrease of 8% as compared to that of 2012.

Alumina output totaled 7,310 thousand tonnes in 2013, a decrease of 2% as compared to that of 2012.

Bauxite production totaled 11,876 thousand tonnes in 2013, a decrease of 4% as compared to that of 2012.

Commenting on the full year production results, Oleg Deripaska, CEO of RUSAL said:

“2013 witnessed the supply side adopting a disciplined approach to production, with RUSAL successfully completing its production cut programme which resulted in cuts of 316,000 tonnes, or 8%, compared to 2012. Reduced operational levels are expected to be sustained throughout 2014 as RUSAL remains at the forefront of creating an efficient supply side dynamic.

The full impact of the production cuts, backed by growing consumption demand, have begun to be take effect, with the aluminum market - ex-China - moving into deficit at the end of 2013. This deficit is estimated to expand further in 2014. Looking ahead, RUSAL expects global demand to remain healthy, with 6% growth forecast in 2014, supported by positive signals of returning confidence across all key sectors and markets. While demand fundamentals remain robust, it is vital that the supply side continues its disciplined approach to production. This will take time but there is no doubt that the industry is on the right path towards environmentally friendly and economically efficient production.”