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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China will pare down its aluminium smelting capacity, should global prices of aluminum remain low over the long term, opined Rusal President Oleg Djeripaska. With stringent environmental protection laws in place, energy-intensive and high carbon footprint industrial activities like aluminium...
Base metals nickel and aluminium are likely to experience a price hike by the middle of September due to various positive global cues, observed a market research group. The white metal will get a price boost on production upgrade from a giant Russian bauxite producer, the analysts forecast. “ We...
Some have blamed China’s economic slowdown for slump in global aluminum prices , which have fallen to the lowest since July 2009. However, that is most unlikely, opined Rusal’s Deputy CEO Oleg Mukhamedshin. Mukhamedshi argued that supply glut is the true culprit behind lower aluminum prices. In...
After a gap of six years, UC Rusal Alpart bauxite/alumina operations have finally swung into action. A cargo ship- Vyritsa is being loaded with 35,000 tonnes of bauxite at Alpart’s Port Kaiser facility and is scheduled to leave for Ukraine later this week. “This is the first major economic activity...
International Bauxite, Alumina & Aluminium Society (IBAAS), China Aluminium International Engineering Corporation Limited (Chalieco) and Suzhou Research Institute for Nonferrous Metals (SINR) have jointly announced that the Fourth IBAAS symposium (IBAAS-CHALIECO-SINR 2015) will be held in Suzhou...
Russia's Rusal has decided to delay a decision on its possible first dividend since listing five years ago though its second-quarter core profit more than doubled thanks to cost cuts and a weaker rouble. The rouble's decline supports the world's top aluminium producer by partially offsetting weak...
UC RUSAL, a leading global aluminium producer, announced its results for the three and six months ended 30 June 2015. Key highlights • A record low London Metal Exchange (“LME”) aluminium price driven by growing exports from China and oversupply in different regions exerted further pressure on the...
Phillip Paulwell, Jamaica's Mining Minister, has disclosed that UC Rusal, the Russian aluminium conglomerate, will soon be meeting with the Electricity Sector Enterprise Team (ESET) to give a report on energy projects it is contemplating for its alumina refineries in Jamaica. UC Rusal is...
Rusal, the largest aluminium producer in Russia, intends to complete the construction of facilities to expand the production capacity of Mykolaiv alumina plant from 1.6 million tons to 1.7 million tons in 2018. "We will complete building facilities to expand the production capacity to 1.7 million...
Rusal has no intention of restarting aluminum smelters idled in 2013 and sees its aluminum output this year to be flat with 2014, it said in its quarterly report. The aluminum giant produced 908,000 tonnes of aluminum in Q2, up 0.8% quarter-on-quarter (QoQ) and 1.1% year-on-year. However, its...
UC RUSAL, a leading global aluminium producer, announced its operating results for the second quarter 2015. Key highlights: Total aluminium output amounted to 908 thousand tonnes (+0.8% QoQ and +1.1% YoY in 2Q15). The company maintains production discipline in accordance with the previously...
UC RUSAL, a leading global aluminium producer, announces the appointment of Bob Katsiouleris as Director of European Sales. Bob Katsiouleris will join RUSAL on 1st August 2015 following a successful period as Senior Vice President for Marketing, Sourcing and Sales at Nyrstar, where he was...
China’s aluminum output advanced to a record, underscoring the threat to global producers as low-cost capacity expands in the world’s biggest supplier. The country made 2.8 million metric tons of aluminum in June, 18 percent more than a year earlier, National Bureau of Statistics data show....
UC RUSAL, a leading global aluminium producer, announces that its RUR 160 mln (USD 3 mln), investment programme, which began early in 2015, to modernise powder production at the Volgograd Aluminium Smelter (VgAZ) is progressing as planned. As part of the modernisation, VgAZ is working to expand the...
The world’s biggest aluminum makers will be under even more pressure to make deeper production cuts and stave off a price slump that saw the metal trade near its lowest level in six years on Wednesday. China, which accounts for half of the world’s aluminum output, is on pace to export record...
Russian UC Rusal, the world's largest aluminum producing company, is able to restructure its logistics in order to sell in Europe the foil produced by its Armenian subsidiary ArmenAl if the European Commission moves to set a 34% duty on imports of Russian aluminum , head of Rusal packaging...
The European Union will impose anti-dumping duties on imports of Russian aluminium foil after an initial investigation showed the product was sold in the 28-nation EU at below normal market prices, the EU's Official Journal said on Saturday. It said a provisional anti-dumping duty of 12.2 per cent...
Chinese aluminium smelters will be forced to reduce production levels because they cannot continue to operate with such low global market prices, according to the world's largest aluminium producer. Chinese smelters "expected the price to recover but it's already [been] more than six months. The...
