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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Rusal too demands transperancy in the London Metal Exchange’s activities
The world’s largest aluminum producer, Russia’s UC Rusal, matched calls made last week by Alcoa Inc. for the London Metal Exchange (LME) to release more detailed data on long and short positions as well as details of which parties are holding aluminum inventories. “There is a need for greater...
Russian aluminum giant advises on China's overcapacity
Local implementation is key to China's recent efforts to curb overcapacity in its aluminum sector, said the head of Russian aluminum giant United Company RUSAL (UC RUSAL) at the 2013 Summer Davos. In an interview with Xinhua, Oleg Deripaska, chief executive officer (CEO) of UC RUSAL, said the...
Rusal CEO expects Aluminum demand to grow in next 10 years
Aluminum consumption this year will be 7 percent higher than in 2012, and the industry can look forward to stable growth for the next decade, United Co. Rusal chief executive officer Oleg Deripaska said Sept. 11 in a televised interview at the World Economic Forum in Dalian, China. Deripaska...
UC RUSAL to invest RUR 3 bln in SUBR in 2013 for bauxite mining
RUSAL, a leading, global aluminium producer, announces an investment of almost RUR 3 bln in constructing new operational sites at SUBR (North Urals Bauxite Mine) channeling some of these funds into technical and equipment upgrade in 2013. RUSAL has already invested RUR 1.1 bln in building the...
After carnage, aluminium 'finally settling': Rusal CEO
The outlook for aluminium has stabilized, with consumption improving, according to the head of the world's biggest aluminium company, Oleg Deripaska. Deripaska, chief executive of Russian producer Rusal, predicted more stable economic growth around the world over the next 5-10 years, and...
Rusal urges greater transparency in LME's disclosure of positions
Russian aluminum producer Rusal said Monday that there is a need for greater transparency in the London Metal Exchange's disclosure of commercial and non-commercial positions on the exchange. "Specifically, the LME should introduce disclosure of commercial and non-commercial positions on the...
China aluminium firms likely to snub govt call to shift output overseas
China plans to urge local aluminium producers to ramp up overseas investment rather than expand at home, signalling its growing desperation to ease a domestic supply glut. Market participants said the government was clutching at straws and that few firms in the world's largest aluminium consumer...
Oversupply affecting Alcoa and Rusal’s earnings
Over-production is literally bankrupting UC Rusal, Alcoa and other aluminum producers. The Russian producer Rusal recently reported a first half 2013 loss of $439 million, versus a breakeven position last year, nominally a $1 million profit. Revenue for the six months to June 30 fell 8.8%...
Accusations & Self-Adulation affect operation in Alscon
Sundry allegations of improprieties against Rusal, embattled managers of the Aluminium Smelter Company of Nigeria, Ikot Abasi, and self-praise responses from its management seem to be the only products at installed capacity at the company whose ownership and hitch-free operation remain dogged by...
RUSAL to upgrade its aluminium smelter in Krasnoyarsk
UC RUSAL, a leading, global aluminium producer announces a USD 3 mln project aimed at environmental modernization of the carbon area which includes production of anode paste (the anode paste plant, APP) at its Krasnoyarsk Aluminium Smelter (KrAZ). The engineering stage will be completed in 2013,...
Russia's Rusal may delay aluminium project to help ease oversupply
Russia's Rusal , the world's largest aluminium producer by output, may delay the start of production at one of its biggest projects, seeking to ease a global glut of the metal. Rusal , led by Russian tycoon Oleg Deripaska, and other big aluminium makers are cutting output in response to record...
ALSCON loses $1.4m monthly
The monthly loss of RUSAL ALSCON has reached $1.4million, it was learnt yesterday. Speaking with reporters in Uyo, the Akwa Ibom State capital, the firm’s Director of Public Relations, Tatyana Smirnova, said the plant had suffered regular disruptions in gas supply since 2007. He explained that a...
Rusal sees world aluminum consumption growth of 6% through 2015
"World aluminum consumption will grow 6 percent this year and through 2015, according to United Co. Rusal, the world’s largest producer of the metal. Global aluminum consumption will reach 50 million metric tons in 2013, the Moscow-based company said in its first-half results statement today....
New metal warehouse rules to pile pressure on aluminium smelters
Proposed rule changes for industrial metals warehouses and increased scrutiny by regulators are likely to unleash stored aluminium, adding to the global surplus and forcing more smelters to shut. The new rules will slash the profitability of financing deals that have locked up metal in London Metal...
Rusal to cut aluminum output by 357,000 tonnes in 2013
The board of directors at Russian Aluminum, or Rusal, has approved a change to production volume aimed at cutting costs and boosting margin, that has output this year down by 357,000 tonnes, or 9%, rather than the earlier-planned 300,000 tonnes, the company said. "The board of the company has...
RUSAL switches to loss in H1
United Company RUSAL Plc switched to loss-making in the first half as aluminium prices continued to fall on oversupplies, and urged the industry to take further curtailments to tackle overcapacity. The world's largest aluminium producer posted a recurring net loss of $156 million in the first six...
Russia should consider state aluminium stocks - deputy PM
Russia's government should consider creating state aluminium stocks which could help the country's metals giant Rusal by supporting global prices, deputy prime minister Arkady Dvorkovich said on Friday. Rusal, the world's largest aluminium producer, earlier this week urged the government to create...
Aluminium prices tick up on the news of Rusal's capacity halt
Rusal CEO Oleg Deripaska is making moves – to help his company’s margins. Bloomberg reported that Deripaska indicated 8.4% of the company’s production output will be halted this year to help support aluminum prices. “The company will idle 350,000 tonnes of capacity at five of its plants with high...
