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 Rusal Aughinish refinery in Ireland receives regular shipments of bauxite from Guinea in West Africa which is the third most Ebola affected area after Liberia and Sierra Leone. The company officials however claim that none of their workers have contracted the disease yet due to their stringent...
Russian aluminium giant Rusal plans to keep output largely flat for three years because healthy stock levels will ensure the market is supplied despite market deficits, a top executive said on Wednesday. Robust aluminium prices have prompted some Chinese smelters to abandon production cutbacks and...
LME has faced a lot of criticism as well as a lawsuit for its dysfunctional physical delivery systems, especially from the largest aluminium producer, Rusal. Although LME has narrowly escaped any consequence, it has to rectify its faulty warehousing system for a smoother functioning aluminium...
UC RUSAL, a leading global aluminium producer, announces that a three-member LCIA arbitral tribunal in London rendered an award in favour of UC RUSAL in its case against four Nigerian state entities: the Bureau of Public Enterprises, the Federal Government of Nigeria, the Ministry of Finance, and...
A courtroom victory allowing the London Metal Exchange to ease backlogs of deliveries of aluminum may do little to reduce the cost of the metal used in everything from beer cans to auto parts. While yesterday’s appeal court ruling in London clears the way for the LME to impose new rules at its...
UC RUSAL, a leading global aluminium producer, notes that the Court of Appeal has upheld the London Metal Exchange’s appeal against the High Court judgment of Mr Justice Phillips. Today’s ruling by the Court of Appeal overturns the judgment of Mr Justice Phillips who ruled that the LME’s original...
Jamaica's energy ministry has accepted a plan by Russian aluminum producer Rusal to develop a 140MW ethane-fired power plant to supply its mothballed bauxite refinery in Jamaica. The project will be commissioned by the end of 2017, according to the head of the ministry's power development unit...
UC RUSAL, one of the world’s largest aluminium producers, and ELSO Group, a large Russian heating appliances manufacturer, with a leading position in this field, have announced plans to set up a joint business for manufacturing aluminium radiators at the Nadvoitsy aluminium smelter, one of RUSAL’s...
Aluminum climbed for the first time in six days as stockpiles declined to the lowest in 33 months and United Co. Rusal Plc, the biggest producer, forecast that demand will exceed supply next year. The metal in London rose as much as 0.3 percent. Global supply may lag behind demand by as much as 1.3...
Russia's United Company Rusal forecasts a global aluminium deficit of 1.3 million tonnes in 2015, which will keep the spot price premium for the metal high, an executive at the world's biggest producer of the metal said on Tuesday. Despite this, more than half of the production capacity which is...
UC RUSAL, a leading global aluminium producer, has begun work on a new production process for making nanostructured aluminium alloys with improved mechanical strength for the electric power industry. The project is being implemented by the Engineering and Technology Centre of UC RUSAL on the...
The largest refinery in Europe, the Rusal Aughinish on the Shannon Estuary announced a pre-tax profit of $15.59 last year recording their return to profits. Ireland’s largest manufacturing site managed this feat by cutting back their defined benefit pension scheme which brought in an exceptional...
According to Reuter’s report, Rusal Plc, world’s largest aluminium producer is proposing to enter into a joint venture with China’s top aluminum producer to start a project in Russia’s Eastern Siberia, as confessed by the deputy CEO of Rusal on Wednesday. The proposed tie-up between Rusal and...
The Western World moves into an aluminium deficit, as producers from all over the world are cutting back production. This has pushed up aluminium prices and brought many companies out of losses, like RUSAL. The production of aluminium across the world, except China, this year was recorded at 24.38...
Rusal, the world’s leader in the aluminium sector has cut back their production by 10.8% in the first six months of the year, according to a report released on Wednesday at the Hong Kong Stock Exchange. The company has experienced a great improvement in their financial results in the second quarter...
UC RUSAL, a leading global aluminium producer, announces its results for the six months ended 30 June 2014. The highlights of the result are given below: Total aluminium output amounted to 1,783 thousand tonnes in the first half of 2014, representing a decrease of 10.8%, as compared to 1,999...
A leading player in the field of aluminium production, UC RUSAL has launched a pilot project at there aluminium smelter (UAZ) to extract primary scandium concentrate from red mud. Nearly 2.5 tonnes of primary scandium oxide concentrate can be produced in the new unit. In the course of 2014, a total...
The aluminium market is perking up, with the average price per tonne on the London Metal Exchange rising to over $2,000 now from $1,693 in February 2014. While the primary reason for this is high physical delivery premium, the supply-demand dynamics are also brightening. This is due to a long...
