RUSAL seeks Kremlin aid four bauxite and alumina plants face mothballing risk
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...
RUSAL train derailment in Guinea halts Friguia alumina exports
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 purchases over 80 auxiliary machines and vehicles to reduce manual labour at its aluminum division smelters
UC RUSAL, a leading global aluminium producer, has purchased over 80 different machines and mobile equipment units to strengthen labour mechanisation efforts at its Aluminium Division production sites. The company spent a total of RUR 132 mln on the purchase, R&D and maintenance of auxiliary...
With LME warehouse revamp plan derailed, aluminium gains
A UK court ruling halting the London Metal Exchange’s plans to reduce the logjams in warehouses is pushing up aluminium prices globally. The metal, used for making cans to aircraft parts, gained 3.70 per cent last week with prices rising nearly nine per cent in a month. Last week’s gains were the...
UC RUSAL to produce high-margin products with the use of red mud cycle wastes
UC RUSAL, a leading global aluminium producer, announces the trial production of red mud-based flux additives at the Urals aluminium smelter (UAZ). In 2014, the company plans to produce its first scandium concentrate. Both new products will be produced at a large output rate. In 2013 RUSAL’s R&D...
Emerging stocks drop for second day as Ukraine tensions escalate
Emerging-market stocks fell for a second day and currencies weakened as Sinopec Shanghai (338) Petrochemical Co. led a drop for material companies while tensions in Ukraine escalated. Sinopec Shanghai tumbled the most in two weeks in Hong Kong after saying it expects a loss in the first quarter....
UC RUSAL plans to switch to gas as main energy source at Aughinish alumina refinery
UC RUSAL is set to complete a project to switch the Aughinish alumina refinery, Europe’s largest alumina producer, from heavy fuel oil to gas as its main energy source. The two steam generators designed to generate a total of 300 tonnes per hour of reliable, high-pressure superheated steam will...
UC RUSAL to invest over usd5.5 million in Aluminium-Zirconia wire rod production
RUSAL/RUAL, a leading, global aluminium producer, announces investment of over USD5.5 million in aluminium-zirconia wire rod production. The first samples of high-tech products have already been certified by consumers. This is the first innovative wire rod production for electric power industry to...
Energy Minister shows concern over UC Rusal's overseas expansion
Energy Minister Phillip Paulwell has expressed concern about Russian aluminum company UC Rusal's move to expand its businesses elsewhere while its interest in Jamaica continues to lag behind. Energy Minister Phillip Paulwell yesterday told a parliamentary committee that he was taken aback by news...
Rusal gets breather on $5.15 bln debt till 7th July
RUSAL’s lenders have agreed that they will not take any action against the company on any defaults for at least a period of 3 months, while RUSAL is in talks with its lenders to revise the lending terms up to $5.15 bn in debt. The debt renegotiation is very important for the largest producer of...
UC RUSAL denies cannibalising ALSCON
UC RUSAL, operators of the ALSCON smelter plant at Ikot Abasi, Akwa Ibom State, weekend, denied accusations that it had cannibalised the aluminium smelter plant. The company said in a statement by Morenko Elena, of the International Media Relations office in Moscow, that it had in fact taken...
Aluminium jumps after halt to LME plan
Aluminium has jumped 6 per cent in the week since the London Metal Exchange was forced to halt a plan to cut queues at its global warehouse network. Prices for three-month delivery at the LME rose to $1,838 a tonne on Thursday, a five-month high. The increase will bring some relief to aluminium...
Despite UC Rusal’s fight with LME, aluminum price index holds steady
The month of March saw a decision in the closely-followed lawsuit filed by the world’s largest aluminum manufacturer, UC Rusal, against the London Metal Exchange over long queues to remove product from LME warehouses. It was also the month that CME Group, owner of the Chicago Mercantile Exchange,...
Aluminum rises to the highest this year over supply worries
Alumunium price has witnessed the highest point in 2014 because of the concern about limited global supplies. In Brazil, the aluminum companies that have been producing the least in the last 12 years expect the authorities to provide them electric subsidy as the drought has cut down the...
Rusal shelves plans for aluminum smelter in Siberia
The aluminum industry plans to cut output again this year as producers seek to reduce excess capacity amid falling prices. United Co. Rusal PLC on Friday shelved plans to build a high-tech smelter in Siberia that would have created 3,000 jobs and been one of the company's key assets in the region....
Jamaican Finance minister moves to allay fears as bauxite giant Rusal posts loss
NEWS that Russian aluminium producer UC Rusal has posted a US$3.2-billion loss for 2013 has raised fresh concerns about the future of Jamaica's bauxite industry and questions as to whether the company will resume full production here. UC Rusal owns three local bauxite alumina plants, of which only...
LME halts plan to cut metals queues after court ruling
The London Metal Exchange has been forced put on hold a new rule to tackle the long warehouse queues that US politicians and aluminium buyers blame for increasing the price of everything from drink cans to car bodies. Queues of more than 500 days to take delivery of aluminium from LME warehouses...
Novelis reacts to verdict in Rusal Lawsuit against LME
Novelis Inc. President and Chief Executive Officer Phil Martens issued the following statement today in response to Thursday's ruling by the UK High Court regarding planned changes to aluminum warehousing rules by the London Metal Exchange (LME): "We are very disappointed with the outcome of the...
UC RUSAL announces full year results for 2013
UC RUSAL, a leading, global aluminium producer, announces its results for the year ended 31 December 2013. Key highlights • Low LME aluminium price driven by the negative investor sentiment exerted further pressure on the aluminium industry throughout the year ended 31 December 2013. Average LME...
High court of justice enters judgment on UC Rusal’s claim against the London Metal Exchange
UC RUSAL, a leading, global aluminium producer, announces that following a claimant case brought by RUSAL against the London Metal Exchange at the High Court of Justice, the presiding judge, Mr Justice Phillips found in favor of RUSAL. The award was issued in favor of RUSAL by Mr Justice Philips,...
