MOSCOW, Jun 4 (PRIME) -- Russian aluminum giant UC RUSAL’s Nadvoitsy Aluminum Smelter in the republic of Karelia lost a sales market due to the U.S. sanctions and has been storing its products at a warehouse for two months already, a source at the smelter told PRIME on Monday.
Warehouses have currently accumulated around 3,000 tonnes of aluminum, he said.
“The problem of profitability has always been relevant for the smelter, and now supplies to the U.S. have completely ceased. The plant has been operating with a loss for several last months, especially since we depend on foreign alumina, which we also have difficulties with,” the source said.
RUSAL only confirmed that fact that the smelter ships its products to a warehouse due to problem with sales amid the U.S. sanctions.
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