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
Concerns about Chinese aluminium flooding the global market are not justified, according to the deputy chief executive of United Company Rusal , the world's top aluminium producer. Worries about oversupply in the aluminium market have put pressure on prices of the metal use in packaging and...
China is already infamous for its excess production of aluminium causing a global oversupply hampering the aluminium prices. Now as they announce scraping the export taxes on some products, they may worsen the situation even further. While the world aluminium producers hurried to cut production to...
UC RUSAL, a leading global aluminium producer, announces the appointment of Evgeny Zenkin as Managing Director of the Bratsk Aluminium Smelter (BrAZ). Andrey Volvenkin, who previously held this position, has been promoted to a managerial position within the Aluminium Division. As Managing Director,...
Top global aluminium producer United Company Rusal said on Wednesday it was reviewing its aluminium smelting operations and may idle a further 200,000 tonnes of capacity. Rusal, which has cut capacity by 800,000 tonnes in the past two years, said its first quarter aluminium production came in at...
UC Rusal, a leading global aluminium producer, announces its operating results for the first quarter 2015 (“1Q15”). Key highlights • 1Q2015 total aluminium output amounted to 900 thousand tons (-2% QoQ and +2% YoY). The company maintains production discipline in accordance with the previously...
Rusal has expressed its intention of cooperating with China Hongqiao Group over aluminum processing business during its recent visit to the company, China Hongqiao said in its website. China Hongqiao, a large aluminum product manufacturer, is working hard to transform and upgrade its business model...
UC RUSAL, a leading global aluminium producer, announces the launch of the first start-up complex at the Cheremoukhovskaya-Gloubokaya mine in the North Urals Bauxite Mine (“SUBR”). Cheremoukhovskaya-Gloubokaya becomes Russia’s deepest mine, with a depth of 1,550 meters, and ranks among the top five...
UC RUSAL, a leading global aluminium producer, announces the launch of a programme to increase alumina production at the Urals Aluminium Smelter (UAZ) to 900 thousand tonnes. Investment in the project is expected to be over USD23 million. The programme is aimed at boosting annual alumina output at...
UC RUSAL, a leading global aluminium producer, announces the launch of the Clean Soderberg project at its Irkutsk aluminium smelter (IrkAZ). According to the project, the smelter’s Potlines 1, 3 and 4 will be converted to the Clean Soderberg technology (IrkAZ has four operational potlines, numbers...
Russia's United Company Rusal Plc reported a more than six-fold rise in fourth-quarter earnings due to a slump in the rouble against the dollar and stronger aluminium prices, and forecast a deficit in aluminium supply in 2015 outside China. The world's biggest aluminium producer warned, however,...
Prime Minister Portia Simpson Miller announced a short while ago that the Russian company UC RUSAL yesterday commenced the mining and processing of bauxite at the Alpart refinery at Nain in St Elizabeth. So far, the company has employed some 40 people and it has given its commitment to employ...
Rusal recently accused China of dumping aluminum semis and has called for a discussion of the issue at the next World Customs Organisation meeting. China exported 3.67 million tonnes of aluminum semis in 2014, up 600,000 tonnes or 19.5% from a year ago. The country also exported 800,000 tonnes of...
Top global aluminium producer Rusal said it has raised China's swelling aluminium exports with the Australian government, and wants the issue tabled at the next meeting of the world's top customs body. John Hannagan, chairman of Rusal Australia, and a director of the Australian Aluminium Council,...
Ukraine High Court has decided that they will nationalize the Zaporizhia (Zaporozhye) alumina and aluminium complex (ZALK) which was acquired by Russian giant Rusal 12 years ago holding a 68% stake at present. The news came via an announcement issued by the General Prosecutor’s office on Thursday....
UC Rusal commenced mining operations at its $25 million Kurubuka-22 project, which is located near Kurubuka in Guyana. The bauxite deposit is estimated at 30 million metric tons (mt). Development began in 2013 with construction of the mine, infrastructure development, building of access roads,...
The London Metal Exchange (LME) was paid around $2 million by Russia's Rusal after the aluminium producer lost a lawsuit over warehouse reform, the LME's owner said on Thursday. The hefty Rusal payment in February will provide a respite from heavy legal fees for Hong Kong Exchanges and Clearing Ltd...
The aluminium market may be headed for a profitable 2015, with an estimated rise of 6.5% in global demand, based on the observations and forecasts expressed in Rusal’s Quarterly Report for the year ending in December 2014. The company reported a rise in demand in the global market to 55.2 million...
Key highlights • Positive trends in the aluminium market observed during the year ended 31 December 2014 with recovering London Metals Exchange (“LME”) aluminium prices and growing premiums, coupled with weakening local currency had significant positive effect on the profitability and financial...
