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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UC RUSAL, a leading Chinese aluminium alloy cable manufacturer, announce the signing of an agreement to establish the joint venture ‘JSC RUSAL-HEBEI JOY SENSE CABLE Special Aluminium Products Co. Ltd. Investments’. At this stage, the Partners will invest USD 1 mln dollars and will make further...
Rusal, the world’s second largest aluminium smelter, plans to spend US$600 million to US$700 million annually until 2020 to raise its output capacity of higher value-added aluminium alloy products, as it seeks to raise profit in the face of excess capacity. Rusal also aims to use hydro power to...
<p>United Company RUSAL Plc announced that on 22 June 2016 the company's Board of Directors has approved (i) Annex 12 to the Dian-Dian Concession Agreement dated 21 July 2001 in relation to the Dian-Dian project; and (ii) an agreement on restoration of the alumina refinery Friguia and its further...
Russian aluminium giant Rusal Plc may reduce its output capacity by 200,000 tonnes if aluminium prices fall below $1,500 per tonne, Chief Executive Vladislav Soloviev was quoted as saying in a recent press meet. Overtaken last year by China's Hongqiao as the world's top aluminium producer, Rusal...
According to Jamaica’s Minister of Transport and Mining Michael Henry, authorities expect to reopen the Alpart bauxite mine and alumina refinery in Nain, St Elizabeth, in the present fiscal year, which runs from April 1, 2016 through March 31, 2017. Henry made the disclosure while speaking to...
UC RUSAL, a leading global aluminium producer, and Maersk Line, the world's largest container shipping company, today announced they have signed a three year letter of intent for long-term cooperation in the maritime transport sector. Under the agreement, RUSAL and Maersk Line have agreed to...
Rusal, the global aluminium producer headquartered in Moscow, is in talks to supply Chinese firms with “valued added aluminium alloys” that are not currently available in China, as part of efforts to boost sales in the world’s fastest growing major market for the industrial metal. The Moscow and...
Russian aluminium giant Rusal Plc expects 2016 production to be in line with 2015, it said on Friday, after reporting signs of improvement in the market. Rusal, which last year was overtaken by China's Hongqiao as the world's biggest aluminium producer, has been hit by weak prices. It expects...
UC RUSAL, a leading global aluminium producer, announced its results for the three months ended 31 March 2016. Total revenue decreased by USD563 million, or by 22.7 per cent, to USD1,914 million in the first quarter of 2016, as compared to USD2,477 million for the corresponding period of 2015. The...
UC RUSAL , a leading global aluminium producer, has commenced the modernization of the Boksitogorsk Alumina Refinery. The goal of the modernization programme is to increase the production of corundum, which is used in the manufacturing of abrasive and fire-resistant products. The project investment...
Russian aluminium giant Rusal warned against Chinese smelters restarting plants to keep from undermining prices that have retreated from 2016 highs as Chinese producers consider launching a fund to deal with the layoffs from closures. Global aluminium prices that rebounded to nine-month highs last...
Aluminium consumption in China is set to grow by 7 to 10 per cent a year over the next five years and hit 44 million tonnes by 2020, Aluminium Corp of China Ltd (Chalco) President Ao Hong said on Tuesday. At the same event, Russian aluminium producer Rusal said it expected China's aluminium...
Russia's United Company RUSAL Plc announced its operating results for the first quarter 2016. In first quarter, RUSAL's total alumina production was 1,873 thousand tons (-1.7 per cent QoQ). Alumina production at Non-Russian operations decreased by 4.3 per cent QoQ to 1,196 thousand tons due largely...
UC RUSAL announced its operating results for the first quarter 2016. Aluminium production in first quarter totalled 916 thousand tons (-0.5 per cent QoQ). The smelters utilization rate was on average at 95 per cent. Russia Siberian smelters accounted for 94 per cent of total aluminium output. First...
UC RUSAL, a leading global aluminium producer, and the Republic of Guinea have signed an annex to the Dian-Dian concession agreement and also reached an agreement on resuming operations at the Friguia bauxite and alumina complex. The newly signed annex to the Dian-Dian concession agreement splits...
Global demand for aluminium will continue to remain strong as worldwide supply tightens. This will raise prices from seven-year lows, says Vladislav Soloviev, chief executive of Russia’s UC Rusal, the world’s second-biggest aluminium producer. Exports of processed aluminium from the People’s...
UC RUSAL, a leading global aluminium producer, and PJSC TransContainer have announced the signing of a 3-year contract to ship RUSAL products in containers. TransContainer will be responsible for all of RUSAL’s shipments in containers within the territory of the Russian Federation from May 1, 2016...
The embattled Aluminium Smelter Company of Nigeria (ALSCON) in Akwa Ibom State is to begin production soon, its Managing Director, Mr. Dimitry Zavyalov, has said. He said this while briefing the Clan Head of Ikpa Ibekwe, Etebom Akpan Akpan and his council in Ikot Abasi. He said the company would...
