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,...
Grow with
AL Circle
Sanctions-hit Russian aluminium giant Rusal has started exporting bauxite from the Dian-Dian bauxite deposit in Guinea’s Boké Province. The exports follow the completion of the first stage of development of the bauxite deposit. With an annual capacity of 3 million tonnes, Dian-Dian is the world's...
Jamaican government is undergoing discussions with the United States Treasury Department to secure a waiver for Jamaica as the Administration moves to address any fallout from US sanctions against UC Rusal which has alumna/bauxite operations in Jamaica. “The talks are progressing favourably, but we...
Russian aluminium giant Rusal increased its aluminium sales by up almost threefold in May. According to news reported by Interfax news agency and published by Reuters, the company exported 197,000 tonnes of aluminium last month. Citing Russian Railways data, Interfax said aluminium exports declined...
The global demand for aluminium picked up in the first three months of 2018. RUSAL estimated that global aluminium demand increased by 6% in 2017 to 64 million tonnes amid coordinated economic growth in major regions of the world, while robust demand growth left the global aluminium market in a...
In a local media update, the Russian Deputy Prime Minister Dmitry Kozak said that the Russian authorities are developing measures to support the national aluminium industry after the US imposed punitive sanctions on RUSAL. “The measures aimed at supporting our aluminium industry are being...
Despite procuring aluminium from sanctions-hit Rusal, a Russian automobile manufacturer Avtovaz is looking for an alternative source in case the need arises. Nicolas Maure, President of AVTOVAZ, said on Saturday, May 26, 2018, that Rusal is by far its largest aluminium supplier and “a good supplier...
Russian tycoon Oleg Deripaska has stepped down as director of Rusal to protect the interests of the company and its shareholders. The announcement came a day after the company said its chief executive and seven board members had resigned in an effort to seek relief from U.S. sanctions. "In...
Russian tycoon Oleg Deripaska has asked the Russian government to start buying aluminium produced by Rusal, said a government source on Thursday, who spoke on condition of anonymity, according to Reuters report. Russia's aluminum producer Rusal also announced that its chief executive and seven...
The news UC Rusal resumed shipping aluminium to some consumers last week has taken the internet by storm. The Russian aluminium giant recommenced the shipment soon after the United States extended the sanctions deadline further from June 5 to October 23, 2018, for companies to wind down contracts...
Russian oligarch Oleg Deripaska quit the boards of EN+ and its subsidiary Rusal on Friday. The action is expected to ease the sanctions on Rusal soon. As the US treasury yield climbed, the US dollar index rose 1.2% to close at 93.66 and reached a new high at 93.83 since December 2017 on Friday....
Former Head of the National Industrial and Commercial Investments Limited (NICIL) IN Guyana, Winston Brassington has defended the decision to bring back Russian bauxite company Rusal to Guyana. According to him it was in favour of the local industry and Rusal was the only company to show interest...
The recent aluminium price rise after the U.S. sanction of Rusal, the leading Russian aluminum producer has created concern among buyers and sellers of the metal and also is threatening end user companies with profit drops. During April, aluminium prices swung over their widest monthly range since...
According to a source, both Glencore and UC Rusal have urged the London Metal Exchange to temporarily lift its suspension on Rusal’s aluminium, followed by an extension of the sanctions deadline on Russian aluminium companies. The US Treasury Department had extended the sanctions deadline on Rusal...
Emirates Global Aluminium’s (EGA) stock market listing is likely to slip to 2019 because of turmoil in global aluminum markets after the United States imposed sanctions on Russian aluminum group Rusal, three sources familiar with the deal said. “The IPO (initial public offering) is delayed to 2019...
Leading global aluminium producer UC RUSAL announced results for the three months ended 31 March 2018. The company’s recurring net profit increased 22.4% to $531 million in Q1 2018, from $434 in the same period last year. Revenue in the first quarter of 2018 was $2,744 million as compared to $2,297...
We recently covered a news update that existing supply deals with Rusal’s Aughinish alumina refinery in Ireland would resume as the U.S. had extended the deadline for US and non-US citizens to wind up business with Rusal to late October. However, Minister for Business Heather Humphreys said that...
Local stakeholders of bauxite operations owned by Russian company UC Rusal is beaming with utmost joy since the United States has amended sanctions which it had imposed on key figures in Russia. The month of May thus began with the best positive move ever by putting an end to the blacklisting of...
The Kubal smelter, Rusal’s sole producer of primary aluminium in Sweden, with a production capacity of 134,000 tonnes was suspended from trading on the Nord Pool energy trading market a couple of weeks ago, in the wake of US sanctions on Russian companies. Within a week, the latter, Europe’s...
