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 sanctions against Rusal, world's second-biggest aluminium producer and a major alumina producer have created supply concerns in both the alumina and aluminium market. Before the sanctions, Hydro’s Alunorte refinery in Brazil was forced to cut outputs by half earlier in the year due to leakage...
Benchmark aluminium price on London Metal Exchange increased to close at US$2249 per tonne on Friday, April 27, up from the previous day’s close at US$ 2204 per tonne on Thursday April 26. LME Aluminium lost about 8.2 per cent over last week, having fallen sharply on Monday and Tuesday with the...
According to sources, companies including Rio Tinto can resume existing supply deals with Rusal’s Aughinish alumina refinery in Ireland as the U.S. has extended the deadline for US and non-US citizens to wind up business with Rusal to late October. The development happened a day after the US...
In the face of US sanctions against Russian aluminium company Rusal, bauxite sources in Jamaica are floating the idea that UC Rusal may have to be persuaded into giving up controlling interest in its local bauxite operations for avoiding the further consequences. Although the situation has now...
After a wild week of surging, LME aluminium fell 7 per cent on Monday, its biggest one-day drop in eight years, after the United States had extended the deadline for companies to complete business with sanctions-hit Russian producer Rusal. LME aluminium fell further yesterday and hit a low of...
LME aluminium registered the biggest one-day decline in history and lost close to 10 per cent. The metal tumbled to a low of US$ 2,237 per tonne following the US Treasury Department’s announcement to extend the time limit for US and non-US citizens to wind up business with Rusal, according to SMM....
Hydro has notified Rusal it may be necessary to declare force majeure on certain contracts, as the company could be prevented from upholding its obligations due to the US sanctions list issued on April 6, at least from June 5. Hydro estimates the potential impact on its production and customers...
The United States unleashed sanctions against Russian aluminium giant Rusal on Friday April 6, 2018. Just in two weeks’ time, the sanctions have left around innumerable consequences, starting with Glencore and Rio Tinto’s decision to declare force majeure on Russian contracts followed by...
Following Glencore and Rio Tinto’s decision to declare force majeure on Russian aluminium contracts, Japanese companies have asked Russia’s united company Rusal not to ship refined aluminium and other products to them further. On the occasion of US sanctions against world’s No. 2 aluminium producer...
Two back-to-back incidents in the aluminium industry, started with Norsk Hydro’s production cut followed by the US sanctions against Russian aluminium oligarch Oleg Deripaska-led Rusal could lead to aluminium supply starvation in global market, said Hydro’s chief executive on Monday April 16, 2018....
After Glencore, Rio Tinto, one of the world’s largest metals and mining corporations has decided to trigger force majeure on some Rusal-linked contracts. The mining group declared on Friday that it would work with its customers to minimise disruptions in raw material supply and would fully comply...
Anglo-Swiss miner and commodity trader, Glencore Plc has decided to terminate 50,000 tonnes of contract specifying metal of Russian origin, Rusal in particular, as reported by anonymous sources. In the recent time, amidst a series of news clouding the internet relating to the US slapped punitive...
The sanctions imposed on Rusal and its main owner, metals magnate Oleg Deripaska is creating huge concern in the world aluminium market. According to data by LME on Monday April 9, Eastern Europe accounted for 36% of LME aluminium inventories, the majority of which is supplied by Russia. The...
Since when the Trump administration has announced punitive sanctions against a list of Russian individuals and entities including the aluminium-giant Rusal, every individual associated with aluminium industry has been anticipating the most dreadful conditions to come. One of them was Rusal’s...
Aughinish Alumina is Europe's largest alumina refinery at the Shannon estuary in Ireland and a major alumina asset of RUSAL contributing about 30 per cent of alumina produced in the EU; The crisis engulfing Aughinish Alumina's Russian owner Rusal is affecting the customers and employees of one of...
LME aluminium climbed 3.7% to a record high in two months, driven by US sanctions and trade restrictions on Rusal. LME aluminium tested a high of $2,242 per tonne overnight as the US dollar weakened and as the US-Russia trade conflict took over the trade war issue. Reuters reported yesterday London...
As reported by Reuters shares of aluminium producer Rusal, owned by Russian billionaire Oleg Deripaska plunged as much as 41.8 per cent on Monday in Hong Kong Exchange after the U.S. administration announced sanctions on its co-founder Oleg Deripaska and seven other firms linked to him. They were...
The Trump administration imposed punitive sanctions on Friday April 7, which includes seven Russian oligarchs, 12 companies they own or control, as well as 17 senior Russian government officials. The sanctions are an extension of US sanctions passed in response to Russia’s 2014 invasion of Crimea,...
