Leading Russian aluminium producer RUSAL is considering mothballing four alumina and bauxite facilities as the company faces combined annual losses of around USD 800 million. The move hints at the growing pressure on the economics of domestic raw-material production. RUSAL is also estimating losses...
Alumina exports from RUSAL’s Friguia refinery in Guinea have been halted after a train carrying the material derailed over the weekend, disrupting rail access to the plant and forcing production to slow, three sources told Reuters. The train, operated by Russian aluminium producer RUSAL RUAL.MM,...
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After the lifting of US sanctions, Rusal has resumed supplies to the U.S. market and the company now aims to gain back all the lost customer during the sanction period in which, supply contracts for 2020 were sealed. Rusal could not sign new contracts for 2019 in September as the company was still...
RUSAL and PJSC RusHydro, one of Russia's largest generating companies, commissioned the first potline at the expanded capacity in the Boguchansky aluminium smelter (BOAZ )at Boguchany Energy and Metals Complex (BEMO) in Krasnoyarsk, Siberia. In 2018, Rusal announced its plan to launch new capacity...
During 2011-2018, aluminium powder market has reportedly grown at a CAGR of around 2.2 per cent, reaching a volume of 617,238 tonnes. The growth in primarily driven by the use and demand of aluminium in the form powder and flakes across various industrial sectors such as paints and sealants,...
Aluminium Corporation of China Limited’s (Chalco) 2018 annual aluminium production has reportedly recorded a growth of 16 per cent to come in at 4.17 million tonnes. The news came after the state-run company formally announced in a presentation to analysts reviewed by Reuters on March 29. After...
RUSAL, the leading global aluminium producers, completes preparations for construction of the pilot plant to produce fine precipitated aluminium hydroxide (FPAH) for the cable industry at its Achinsk Alumina Refinery. The plant will have a capacity of 5,000 tpa with an investment of over RUB 500...
RUSAL, a leading global aluminium producer, announced its results for the year ended 31 December 2018. Total revenue increased by 3.1% to USD10,280 million in 2018, as compared to USD9,969 million in 2017. The company achieved net profit of USD1.698 billion, up 39% from USD1.222 billion in 2017....
Russian news agency, Sputnik, reported yesterday, March 3 that the parent company of Bauxite Company of Guyana Inc. (BCGI) RUSAL has suspended their bauxite operation due to the on-going strike by the workers. The media report also confirmed moving of all mining equipment to a warehouse after...
Since when the United States lifted sanctions on Rusal, the company got engaged in talks with Western Companies to resume reinsurance, said Russian National Reinsurance (RNRC) officials. US President Donald Trump’s administration lifted sanctions on Rusal and other core assets of Oleg Deripaska on...
Anglo-Swiss mining company Glencore will reportedly take delivery of 200,000 tonnes of aluminium, which they had purchased on the London Metal Exchange, from warehouses owned by ISTIM UK in Port Klang, Malaysia. The news came when five sources familiar with the matter revealed the fact. According...
After the lifting of sanctions on Rusal, the leading global aluminium producer has announced change in Board of Directors. Sergei Popov has resigned as an executive director with effect from 14 February 2019 due to the election to the legislature of one of Russian regions. The Company has announced...
Russian aluminium producer Rusal said its value added products sales in the fourth quarter of 2018 stood at 333 thousand tonnes, a drop of 32.4 per cent quarter on quarter, compared to 492 thousand tonnes in the third quarter of 2018. “Commodity and value added products (VAP3) sales in 4Q18 were...
Rusal, a leading global aluminium producer, announced operating results for the fourth quarter of 2018 and for the 12 months ended 31 December 2018. In the fourth quarter of 2018, total alumina production decreased by 2.1 per cent quarter-on-quarter. Alumina production stood at 1,958 thousand...
Rusal produced 3,719 thousand tonnes of bauxite in the fourth quarter of 2018, a quarter-on-quarter decrease of 3.4 per cent.The company had produced 3,848 thousand tonnes of bauxite in the third quarter of 2018. For the full year of 2018, the company achieved total production of 13,847 thousand...
The world’s second largest aluminium company by primary production output - Rusal once again proves its potential by recording a year-on-year growth in aluminium production in 2018. Even after going through critical conditions led by United States sanctions, the Russian aluminium giant produced 1.3...
U.S. President Donald Trump's administration’s decision to lift sanctions on Oleg Deripaska’s aluminium conglomerate Rusal and its parent company En+ Group despite strong opposition raised Rusal’s shares in the exchange and pushed back the LME aluminium prices. The move sent the Russian stock index...
The US dollar changed little against a basket of currencies on Monday as traders were cautious ahead of the Federal Reserve's two-day policy meeting and trade talks between China and the US. Most LME base metals traded lower on Monday and aluminium fell 1.9%. SHFE base metals saw similar...
As the most awaited move in the aluminium market, US Treasury on Sunday lifted sanctions on aluminium major Rusal and other Russian firms linked to oligarch Oleg Deripaska. Though there was pressure from the Democrats on the administration to continue with the sanctions, finally the sanctions were...
The US dollar index fell to a week-low on Friday, as traders refocused on the Federal Reserve's policy meeting next week when the US central bank is expected to keep interest rates unchanged. LME base metals traded higher on Friday. LME Aluminium climbed over 1%.SHFE base metals performed similarly...
