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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Global aluminium market 'almost balanced' in 2012: Rusal
A combination of output cuts covering around 8% of global supply and an upturn in demand should leave the global aluminium market "almost balanced" in 2012, Russian aluminium producer Rusal said Monday. Global primary aluminium consumption is set to grow 7% in 2012 to 48.2 million mt, while total...
Rusal Expects Global Demand to Slow in 2012 on Europe Crisis
United Co. Rusal (486), the world’s largest aluminum producer, expects global demand growth for the metal will slow this year as consumption in Europe remains flat, prompting producers to idle capacity. Global aluminum demand may gain 7 percent to 48.2 million metric tons this year, down from last...
ALSCON workers strike over salary increase
Workers of Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State have started a strike action demanding for the implementation of a 25 percent salary increase. The workers have been on strike for about a week but wont return to work until the 25 percent "collective agreement...
RUSAL sees global aluminium output down, China cuts
Top aluminium producer RUSAL Plc said on Monday that it expects more companies to cut aluminium output this year, with China accounting for about a third of global cuts, but still forecast that global output would top demand. A supply glut on the back of a deepening European debt crisis and global...
Rusal 2011 Aluminum Output Up 1% At 4.123 Mln Tons
United Co. Rusal PLC (0486.HK), the world's biggest aluminum producer by output, said Monday that 2011 total aluminum production rose 1% to 4.123 million metric tons, supported by rising demand for the industrial metal in a global economic recovery. EuroNext- and Hong Kong-listed Rusal, which is...
UC Rusal Announces Full Year Production Results for 2011
UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, MICEX-RTS: RUALR), the world's largest aluminium producer, announces its key production data for 2011. Key highlights: -- Total aluminium output amounted to 4,123 thousand tonnes in 2011, an increase of 1% as compared to that of 2010. -- Alumina output...
RUSAL May Cut Aluminum Output by 6 Pct in Next 18 Months
The world's top aluminum producer, Russia's United Company RUSAL Plc, said on Monday it may cut aluminum output by 6 percent in the next 18 months, joining similar moves by other producers of the metal, as it shifts some sales of aluminum produced at the end of 2011 to this year. A supply glut amid...
Russia's RUSAL to recycle wastes at Urals smelter from 2014
Russian aluminum giant UC RUSAL plans to launch a 600 million ruble alumina production waste recycling facility at its Urals Aluminum Smelter in October 2014, RUSAL said Thursday. The facility is expected to process up to 200,000 tonnes of red mud annually. The recycling of alumina production waste...
Rusal Australia chairman fears jobs loss from carbon tax
THE Australian arm of the world's largest aluminium producer has warned that a higher carbon cost is adding to the risk that Australia will lose jobs and investments to China's refineries and smelters. Rusal Australia chairman John Hannagan said China's producers were already competing aggressively...
Ukraine exported 1.554 million metric tons of alumina in 2011
Ukraine exported 1.554 million metric tons of alumina in 2011, 7.9% more than in 2010, the government reported Wednesday. The exported alumina was worth $527 million. Alumina exports in December totaled 142,230 tons, 3.1% more than in November and 1.3% more than in December 2010. The alumina...
Paulwell unaware of bauxite shutdown
THE GOVERNMENT has confirmed reports that bauxite mining firm, UC Rusal, has been taking some of its equipment out of the island and sending it to Guyana. However, Phillip Paulwell, the minister of science, technology, energy and mining, told the House of Representatives yesterday that the...
Rusal Extends Gains as Aluminum Demand Rises: Hong Kong Mover
United Co. Rusal, the world’s biggest aluminum producer, rose for the third day in Hong Kong trading as the company expects demand for the silver-colored metal to keep increasing. The shares climbed 6.4 percent to HK$6.82 as of the midday close, bringing their gains this year to 39 percent. That...
Aluminum Preferred Over Copper for Cables Helps Rusal, Alcoa: Commodities
Copper has climbed to almost four times the price of aluminum, a record ratio that’s accelerating a switch by manufacturers to using the cheaper metal in electric cables and wires, a United Co. Rusal executive said. Demand for copper is shrinking by about 400,000 tons a year through substitution,...
Easing Its Debt Allows Rusal To Focus Down the Euro Road
Oleg Deripaska spent the best part of his Moscow working days in 2009 in what he called a "war room," dealing with Russia's biggest-ever corporate-debt restructuring. Three years on, and aluminum and energy producer United Co. Rusal PLC still has a war room, but the work being carried out there is...
UC Rusal not leaving Jamaica
The government says it is not aware of any plans by alumina company, UC Rusal to close its Ewarton operations in St. Catherine. Last week Opposition Spokesman on mining, J.C Hutchinson, called for the mining minister, Phillip Paulwell to investigate reports that UC Rusal was moving heavy equipment...
Russia 2011 Aluminum Exports 2.4% Up At 3.419M Tons
Russia exported 3.419 million metric tons of aluminum in 2011, an increase of 2.4% compared with the 2010, the federal customs service reported Tuesday. The exported aluminum was worth $7.158 billion compared with $6.021 billion in 2010. Aluminum export to countries outside the Commonwealth of...
UC RUSAL's Chinese mistake
UC RUSAL's general director, Oleg Deripaska, has announced a reduction in the manufacture of primary aluminum. The company intends to close some of its production plants in Russia. It is likely that electrolytic production at Bogoslov Aluminum Plant (BAP) will be shut down, as the equipment there...
UC RUSAL may cut aluminum output in next 18 months
Reuters cited Mr Oleg Deripaska CEO of UC RUSAL as saying that Russia's UC RUSAL could cut output by 6% in the next 18 months. It may be up to 6% which we expect may happen in the next 18 months. The company which accounts for about 10% of primary global aluminum output said last week that it had...
