As 2025 is about to wind up, United Company RUSAL secures an extension of the sales agreement with the En+ associate KraMZ Ltd. The global aluminium producer, RUSAL, has achieved milestones, securing several partnerships as well as shareholding throughout the year. These endeavours, despite geopolitical challenges and tariff obstacles, were achieved and have been marked throughout the 2025 calendar.
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En+ associate KraMZ Ltd to continue the RUSAL partnership
United Company RUSAL has extended an existing aluminium sales contract with En+ associate KraMZ Ltd in 2026. Under this agreement, RUSAL’s subsidiary JSC UC RUSAL TH is to supply primary aluminium of approximately 75,000 tonnes to KraMZ against a transaction worth USD 220 million. RUSAL has secured a significant off-take commitment, with the pricing based on standard benchmarks by London Metal Exchange and Fastmarkets premiums. It gives the company a visible long-term edge and solidifies its position in the value chain of the En+ group.
Glencore-RUSAL contract extension
Ever since their foundational partnership in 2006, the international trading house Glencore and RUSAL have signed subsequent aluminium supply contracts, such as the 2020-2024 deal. Later on, they confirmed the extension of this agreement into next year after the amount traded till that point added up to a fraction of the maximum volumes of the contract.
According to analysis by official sources, throughout the 4-year course, Glencore purchased an estimated one-third of the maximum 5.24 million metric tons.
“The remaining volumes will be taken at a later date,” the source said.
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Kyrgyzstan and Russia to partner through RUSAL
At the St. Petersburg Economic Forum held in June 2025, Kyrgyzstan and the Russian Aluminium Association explored the potential of collaboration. Top officials from RUSAL were also present at the meeting. Discussions were held regarding ongoing innovative aluminium projects in Russia and across the world, which involve state-of-the-art aluminium applications implemented thoroughly in infrastructure development, such as bridges, roads and metal structures. The meeting ended on an optimistic note of mutual agreement to set up a business mission of the Aluminium Association to Kyrgyzstan in the near future.
EIH seals the deal with RUSAL
In November, the Ethiopian Investment Holdings (EIH), the largest sovereign wealth fund of Ethiopia, signed a deal with RUSAL to construct a high-capacity aluminium smelter. The planned output amounts to 500,000 tonnes annually with an investment of approximately USD 1 billion. Although in its initial stages, success in this venture would give a massive boost to the industrialisation of Ethiopia and seal its position as a vital aluminium producer in Africa.
RUSAL’s stake acquisition in Pioneer Aluminium
In March 2025, RUSAL signed a contract with India's Pioneer and KCap whereby it would purchase the metallurgical-grade alumina refinery previously owned and operated by Pioneer Aluminium Industries Limited. Located in Andhra Pradesh, the refinery has an annual capacity of 1.5 million tonnes. In this process, RUSAL would acquire nearly 50 per cent of Pioneer in three separate phases, acquiring an interest of 26 per cent for USD 243.75 million, along with additional adjustments for the working capital and debt of the company. All the stages of the transaction were to be paid pro rata.
The first stage of buying stakes in the refinery was completed in August. Regarding this shareholding, RUSAL stated, “It is our intention to supply bauxite to and to receive alumina from the Plant pro rata to the respective shareholdings.”
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