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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The US dollar index slid against a basket of other currencies as investors cut safe-haven holdings of the greenback, following a report that senior US officials were seeking to jumpstart trade talks with China. The rebound in the euro and pound also weighed on the US dollar. As market fretted over...
Metal Bulletin’s 33rd International Aluminium Conference in the German capital of Berlin that begins today, September 12 will unveil the “mating season” for the aluminium industry, where negotiations are settled on the quantities and premiums paid above the LME aluminium price. Reuters reported...
Russia’s power company Rushydro would reconsider joining a new aluminium smelter project that Rusal plans to build in Siberia. Rushydro’s head Nikolai Shulginov said on Monday that the deal has been complicated by international sanctions. Rusal started working on the Taishet project in 2006. The...
According to a report, Tánaiste Simon Coveney is hopeful about the job security of more than 650 personnel at Aughinish Alumina refinery in Limerick, following crippling sanctions on its Russian owner by the United States. As per the source, The Minister for Foreign Affairs has accredited the US...
Russia has a plan to support world No.2 aluminum producer Rusal against U.S. sanctions put in place in April, including by purchasing the metal for state stocks, Industry Minister Denis Manturov told reporters on Tuesday. The U.S. Treasury Department placed Russian businessman Oleg Deripaska and...
Russia’s sanctions-hit aluminium giant Rusal (0486.HK) declared on Friday, August 17, that its board had approved a change of domicile from Britain’s Jersey to Russia for taking some advantage of new special tax regulations. The announcement arrived a day after Russian energy-related company En+...
UC Rusal, one of the leading aluminium producers in the world, has unveiled its results for the second quarter and the first half of calendar year 2018 ended on June 30, 2018. According to the results revealed, Rusal’s aluminium production in Q2 2018 stood at 939 million tonnes while that in 2017...
UC RUSAL, a leading global aluminium producer, announced its results for the three and six months ended 30 June 2018. Rusal alumina production for the quarter and the first half of the year was stable. Alumina production for Q2 2018 stood at 1,924 million tonnes, almost flat YoY. The six months...
Spot alumina price saw some unprecedented highs in 2018 first half and doubled to over $700 per tonne as the market showed panic reaction to U.S. sanctions on Oleg Deripaska and Rusal entities in April. The supply scenario was disrupted by two major happenings. First, the fifty per cent capacity...
According to the global export-import data, aluminium export by the Russian Federation is expected to grow in CY2018 totalling 4.6 million tonnes, 15 per cent up from 4 million tonnes in CY2017; while in 2016, the aluminium export recorded at 3.8 million tonnes. This shows the Russia Federation is...
The announcement that the US may consider dropping severe sanctions against Rusal could be resulted in easing threat to up to 1,000 jobs at Limerick’s Aughinish Alumina. Aughinish Alumina, owned by Russian giant UC Rusal, had been under threat since April 2018, when the US Treasury Department had...
Hydro in its latest report has unveiled results of the second quarter of 2018, covering each product like bauxite, alumina, primary aluminium, and downstream exclusively. In one of our previous news, we have already discussed the results of bauxite and alumina production. Now, coming to primary...
US Treasury Secretary Steven Mnuchin said in an interview with Reuters in São Paulo that they are open to lift aluminium producer Rusal’s name from the U.S. sanctions list. The comment came ahead of G20 finance meetings this weekend in Argentina. Mnuchin's comment was the latest indication the...
LME aluminium plummeted to a low of US$2,032 per tonne overnight before it recovered some losses on talk that the US would ease sanctions on aluminium giant Rusal. LME aluminium contract closed lower at US$ 2104.5 per tonne yesterday July 12 from US$ 2120.5 per tonne on July 11. Shanghai Metals...
Despite being placed under U.S. sanction in April, the world’s second biggest aluminium producer Rusal increased its aluminium shipments by 49 percent in June from May, according to news reported by Interfax news agency and published by Reuters. Citing Russian Railways data, Interfax said, Rusal...
The government of Russian Federation becomes the latest entity to file a complaint against the US tariffs on imported aluminium and steel. On Friday night, June 29, 2018, Russian Economic Development Minister Maxim Oreshkin announced that Russia filed a lawsuit to the World Trade Organisation and...
Guyana, one of the world’s leading bauxite producers, has delivered about 1.45 million tonnes of bauxite to the global market in 2017. The country’s bauxite shipments increased 36 per cent year-on-year last year. Guyana’s main exports are: sugar, gold, bauxite, aluminium, rice, shrimp and timber...
Russian aluminium giant UC Rusal-operated Friguia alumina refinery in Guinea has restarted its operations on Wednesday, June 20, 2018. The news came to focus when the West African country’s mines minister reported to Reuters yesterday, on June 21, 2018. According to the update in May 2017, the...
