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,...
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CME Is ‘on track’ with aluminum futures contract as premium trade takes a rise
CME Group Inc., the largest futures exchange in the world, is ready to start up an aluminum futures contract and is even planning to introduce other metals products. CME said it has planned last year to start something alternative to aluminum contract traded on the LME for improving transparency....
Smelters and bankers predict the end for aluminium surplus
This year is predicted to be the one, when the world can churn out excess aluminium than it can use, as economic recovery begins to stoke demand while some producers cut output after years of falling metal prices. This is what is predicted by few aluminium bankers and smelters, going against the...
Russia's Sberbank in negotiation with Rusal on debt restructuring
Russian state lender Sberbank is negotiating with loss-making aluminium group Rusal on a debt restructuring deal to help the company weather low aluminium prices, two banking sources told Reuters on Friday. United Company Rusal, the world's biggest producer of the metal used in transport and...
Rusal CEO wants capital moved to Siberia
Russian aluminium magnate Oleg Deripaska has proposed moving the nation's capital to Siberia, to stem the concentration of power and "corruption" in Moscow and help integrate the country into Asian and Pacific economies, a news report said. Deripaska, whose RusAl aluminum company has most of its...
Aluminium producers must limit supply to help aluminium market: Rusal CEO
According to Oleg Deripaska, the CEO of Rusal, the largest aluminium company in the world, discipline among aluminium producers and restrictions in supply to the market can save the aluminium market from the current financial crisis. "Now we realize only discipline on the supply side… will help us...
Rusal and PhosAgro signs an aluminum floride deal
PhosAgro has signed a long term deal with RUSAL for aluminium fluoride and raw materials supply needed for the production process. According to the first contract, PhosAgro-Cherepovets will supply aluminum fluoride to UC RUSAL TD until December 31, 2034. The transaction costs over RUB20bn. UC RUSAL...
Rusal to settle terms with Sual Partners Ltd
The Rusal board on January 15 approved the terms for a settlement in the arbitration proceedings filed by Len Blavatnik and Viktor Vekselberg’s Sual Partners Ltd against Glencore International AG, En+ Group Limited, the company and Oleg Deripaska, Rusal said in a statement. Contracts signed between...
Rusal Armenal increases aluminum foil production 5,2% for Jan-Nov 2013
The sole producer of aluminum foil in Armenia , CJSC Rusal-Armenal Plant, increased production 5,2% for Jan- Nov 2013 versus the same period of 2012 - up to 25,375 thousand tons of foil, the National Statistical Service reported. Foil rolling for Jan- Nov 2013 grew 1.1% to 17,8 tons (17.6 tons for...
LME will go ahead with warehousing policy changes
The London Metal Exchange (LME) said it will go ahead with planned changes to its warehousing policy aimed at addressing massive queues for metal despite top aluminium producer Rusal challenging the proposal. The LME proposed new rules to overhaul its delivery system from next April that would...
Rusal takes London Metal Exchange to court over warehouse rules
Rusal, the aluminium producer controlled by oligarch Oleg Deripaska, is taking the London Metal Exchange to court, claiming a crackdown on the metals warehousing industry is a breach of its “human rights”. The lossmaking Russian company confirmed that it had filed a judicial review in the UK,...
Rusal looks to boost aluminium sales in Brazil
United Co Rusal plans to step up sales of aluminium to the South American market, sources told Metal Bulletin. Its move reflects efforts by the Russian company to move on from sales into Brazil’s spot market to deals signed on annual contracts. “There should be an increase [in Brazil’s aluminium...
Deripaska's CEAC sues Montenegro over aluminum plant bankruptcy
Russian billionaire Oleg Deripaska's Central European Aluminum Company (CEAC) is suing Montenegro for 100 million euros ($140 million) over the failure of its aluminum plant there. A statement issued in Cyprus, where the Russian company has its headquarters, CEAC said the case will heard in Vienna....
Rusal sees aluminum deficit exceeding 2 million tons in 2017
Output of aluminum outside China will trail demand by 2.4 million metric tons in 2017, eroding stockpiles and reversing a decline in prices, said United Co. Rusal, the largest producer of the metal. “We already see the aluminum market falling into deficit due to curtailments and strong...
Japan producers seek up to USD 256 per tonne aluminum premium
Reuters reported that some big aluminum firms have offered Japanese buyers a premium of USD 255 per tonne to USD 256 per tonne for January to March shipments, below the offer from top producer United Company Rusal last week but still around a record high. Sources said that Japan is Asia's biggest...
UC Rusal set to earn more from aluminium sales in Asia
Russian aluminium company, UC Rusal, which has a major stake in Jamaica's bauxite alumina sector, is set to rake more earnings from aluminium sales in Asia next year. Rusal has asked Japanese buyers of aluminium for an increase as high as 10 per cent. The Russian producer has offered US$270 per ton...
Japan physical aluminum premiums may rise in Q1 2014
There is clearly a disconnect between the expectations of sellers and buyers in the current negotiations between Japanese buyers and Western smelters, including UC Rusal, Rio Tinto plc, Alcoa Inc. and BHP Billiton, expected to start this week. Meetings are due to take place to set the first quarter...
Rusal offers aluminium to Japanese buyers at a premium of $270
Russia's United Company Rusal Plc , the world's biggest aluminium producer, said it had offered January-March shipments of the metal to Japanese buyers at a premium of $270 per tonne, seeking a record high. Japan is Asia's biggest importer of aluminium, and the premiums that it agrees to pay each...
Glencore, Rusal to build alumina refinery in Indonesia
Two of the world’s leading commodities players plan to set up ore refineries in Indonesia to take advantage of the country’s policy banning unprocessed ore exports, beginning next year. Senior executives of the two companies, the world’s fourth-biggest diversified miner, Glencore Xstrata, and the...
