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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Russian aluminium major Rusal has appointed a new chief executive on Monday after reporting a 42 per cent jump in third-quarter recurring net profit from second quarter with the postponement of U.S. sanctions till December. The U.S. Treasury Department in April put sanction on Russian billionaire...
Rusal’s aluminium production for the nine months ended 30 September of 2018 totalled 2.8 million tonnes (+1.7% YoY), with Siberian smelters representing 94% of total aluminium output. Smelters utilization remained on average at 97%. Aluminium production in Q3 2018 stood at 940,000 tonnes while that...
Leading global aluminium producer Rusal announced results for the three and nine months ended 30 September 2018. Rusal produced 5.816 million tonnes of alumina in the first nine months of 2018, almost flat YoY. Alumina production stood at 2 million tonnes in Q3 2018, as compared to 1.96 million...
Japanese aluminium company UACJ has removed Rusal from a list of its suppliers for next year due to uncertainty over U.S. sanction against the Russian aluminium giant, according to news published by Reuters. “Given uncertainty over (the U.S. sanctions against) Rusal, we are removing Rusal for now...
LME base metals ended mixed on Monday. After a gain on Friday to US$ 2045 per tonne, LME aluminium closed lower at US$ 2028 per tonne on Monday October 15. The metal fluctuated to end Monday at US$2,033 per tonne. Shanghai Metals Market analyses that LME aluminium will trade at US$2,020-2,060 per...
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has further extended the expiration date of certain general licenses related to EN+ Group plc (EN+) and United Company RUSAL PLC (RUSAL) until December 12, 2018. Last month, the U.S. Department of the Treasury’s Office of...
The dollar edged up on Friday, reflecting investor confidence in the US economy, despite criticism by President Donald Trump of the Federal Reserve and a sell-off in US equities. LME base metals ended mixed on Friday. LME aluminium contract gained after three consecutive falls and closed the day’s...
Indian aluminium makers including Hindalco Industries and Vedanta Ltd. are reportedly boosting sales to Japan amid the United States’ lofty import tariffs and sanctions against Rusal. Usually, Japan, being a quality concerned consumer, never regarded the products from India a high enough quality....
Premiums for Japanese aluminium shipments for the October to December quarter were set at $103 per tonne, down 22 percent from the previous quarter, as Asian spot premiums fell amid ample supply, four sources directly involved in the pricing talks said. The new premium compares with the $132 per...
The US-sanctioned Russian parent company of Aughinish Alumina, one of the major industrial employers in the mid-west, has reportedly guaranteed a €28 million financial package to the Environmental Protection Agency (EPA) in case of its closure. There are fears that the US sanctions may lead to...
2018 first half has seen some unprecedented developments in the global alumina and aluminium market scenario that have turned the market upside down making all previous forecasts redundant. The initiations The aluminium supply scenario received the first hit when Trump imposed a global tariff of 25...
The owners of the Aughinish Alumina refinery in West Limerick have reportedly secured a temporary reprieve over threat to alumina jobs from the Trump administration. The news arrived after the US Treasury’s Office of Foreign Assets Control (OFAC) granted a three-week extension until November 12 on...
The start of aluminium production at Russia’s Taishet aluminium smelter, a project of sanctions-hit Rusal, has been postponed until after 2020, Russia’s economy ministry said in materials prepared for a government meeting. Rusal, which was targeted by U.S. sanctions in April, previously planned to...
According to Reuters report, Rusal’s Armenal plant has started reducing its aluminium foil production due to U.S. sanctions on the Russian aluminium giant, a source at the plant and a source close to Rusal said. The Armenian aluminium foil is mostly exported to Europe and the United States. The...
The United States has thrown Russian Aluminium Company Rusal a lifeline by loosening sanctions imposed on the company in April. Critically, the U.S. Treasury has tweaked its sanctions to allow Rusal to enter into new contracts with existing customers. This is good news for the Russian company,...
The US dollar index rebounded last Friday, after a positive showing for consumer sentiment, and increased 0.46% to close at 94.96. Base metals, except for tin, fell across the board. LME aluminium closed the day’s trading on Friday with US$ 2015.5 per tonne and after some recovery during Friday...
The first week of September was marked by a rising US dollar index and a falling LME aluminium graph. However, LME aluminium recovered during the second week. LME aluminium rose to a high of US$2,080 per tonne on September 10, after closing flat the previous week driven by the fact that workers...
The price of alumina could hit another record high before the end of the year as supplies become increasingly tight with one after another happening disrupting the smooth supply of the key raw material. Spot alumina price saw some unprecedented highs in 2018 first half and doubled to about $700 per...
