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
UC RUSAL, a leading global aluminium producer, announces its plans to fully switch production at its Achinsk alumina refinery (AAR) to support the consumption requirements of the Krasnoyarsk aluminium smelter (KrAZ). This decision will allow RUSAL to reduce its logistics costs and also to ensure...
UC RUSAL, a leading global aluminium producer, announces the appointment of Christophe (Chris) Hoet as Director of Asian Sales. Chris Hoet joins RUSAL following a similar role within Vale, where he was Regional Director Sales & Marketing Base Metals, Asia Pacific. At RUSAL, he will be responsible...
Global aluminium producer RUSAL, headquartered in Moscow, has opened a new office in Istanbul, according to a press release issued by the company. The office will be led by Ihsan Kösoglu, who joins RUSAL from the Turkish aluminum producer Assan Alüminyum, and brings more than 19 years of experience...
China is unlikely to relax its tariff policy on the export of raw aluminum, according to United Company Rusal Plc. Rusal chief executive Vladislav Soloviev said China wants to discourage the export of raw aluminum but has reduced tariffs on value-added downstream products of the metal, the Hong...
The management of the Aluminium Smelter Company of Nigeria (ALSCON) says it spends $500,000 (about N10 million) monthly to maintain facilities and equipment at its factory located in Ikot Abasi local government area of Akwa Ibom State since it took over the plant in 2007. It adds that more than...
UC RUSAL, a leading global aluminium producer, announces the signing of a Multi-User Operation Agreement (“agreement”) on existing railway infrastructure in the Boke province, Guinea, within the framework of Dian-Dian project. The agreement has been reached between Compagnie de Bauxite et d’Alumine...
Russian aluminium producer Rusal has filed an application with the European Court of Human Rights (ECHR) over a ruling of Ukrainian Supreme Court that ordered to nationalize Zaporozhye Aluminum Complex, RIA Novosti reported on on Monday, citing the company’s CEO Vladislav Soloviev. “We still...
LME aluminium contract which was supposed to be launched in November 2015 may fail to serve the purpose as the aluminium premiums are falling at a higher rate. LME aluminium contract was a strategy to withstand rising aluminium premiums and long LME warehouse queues as well as to free the metal...
Russian aluminium maker Rusal and several of its domestic consumers have proposed a tax on imports of products containing aluminium, such as wheel disks, Vedomosti newspaper reported on Thursday. Rusal, along with a number of state firms including defence conglomerate Rostec, United Aircraft Corp...
The recent rally in the price of aluminium has lost momentum as Chinese exports of the lightweight metal continue to hit the market. Aluminum for three-month delivery on the London Metal Exchange has fallen 5.7 per cent since it almost reached $2,000 a tonne at the start of the month. On Friday it...
Rusal, the world’s largest aluminium company, predicts that China’s overproducing trend in aluminium may finally come to an end. China saw a boom in exports by 49% in the first quarter but because the price arbitrage has become a lot less attractive, the exports are likely to fall soon according...
Aluminium had been mostly ignored through much of the commodities boom in the first decade of the 2000s, thanks mainly to high supply coming from China, aluminum had been performing strongly this year, along with other metals like copper, zinc and lead. But since hitting a 12-month high on May 5 at...
United Co. Rusal, the world’s largest aluminum producer, said increasing Chinese exports may eliminate a market deficit of the metal this year. “Rusal doesn’t see the aluminum market in deficit this year after April,” Chief Executive Officer Vladislav Soloviev said to reporters on Wednesday, after...
Key highlights • The first quarter of 2015 was a challenging period for the aluminium industry. In particular, there was a 8.5% decrease in the average London Metals Exchange ("LME") aluminium price of USD1,801 for the first quarter of 2015 as compared to USD1,968 in the preceding quarter, as well...
Science, Technology, Energy and Mining Minister Phillip Paulwell announced on Thursday that he will be visiting Russia in mid-June for talks with government officials as well as officials of UC Rusal, the aluminium giant which owns Alpart. "The Russian Government has invited myself and a team to...
Timothy O’Driscoll has been promising the reopening of the Alpart alumina refinery ever since he took over as managing director in 2009. Although there is still an expected 18-19 months time for that dream to be realized, last Thursday there was a glimmer of hope with the visit of Phillip Paulwell....
The world’s largest aluminum producer, United Co. Rusal, is looking for some small acquisitions as it seeks to diversify and expand its business, the company’s chief executive, Vladislav Soloviev, said Monday. Mr. Soloviev said he’s looking at smaller deals, such as bauxite producers in Indonesia...
Rusal, the world’s largest aluminium producer, has reignited its war of words with the London Metal Exchange, saying the LME has allowed financial speculators to distort prices. Vladislav Soloviev, chief executive of the heavily indebted Russian group, said the price of aluminium traded on the LME...
