Rusal's Sanctions Will Affect Swedish Smelters

- Oct 23, 2018-

If the sanctions do not lift RUSAL or the Swedish smelter will be closed. According to Reuters, a representative of the Russian aluminum industry, which did not want to be named, said on Friday that if the United States does not lift the sanctions against the company, Rusal may be forced to close its Swedish Kubar aluminum smelter. According to the source, "Kubal is the only aluminum smelter in Sweden and an important supplier of automotive components, building components and packaging in the EU. The indirect consequences of closure are difficult to assess." Rusal's Kubar aluminium smelter in Sweden is the only major metal production facility outside Russia, with a production capacity of 123,000 tons last year. The company employs less than 500 people in Sandsvall, Sweden. The source said that the restart of Kubar after the closure of the factory will be a complicated process, unlikely to happen, because Rusal relies heavily on foreign companies to supply raw materials to their aluminum smelters. Last year, Rusal's alumina production accounted for 64% of its total business.