Nornickel’s Potanin May Scuttle US$60 Billion Merger With Rusal: Sources
A major merger between Russian firms Nornickel and aluminium giant Rusal may find itself hamstrung by the person of Vladimir...
Russia
Rusal Places First Ever Yuan Bonds In Russia
Aluminium titan U.C. Rusal this week announced the first ever Yuan bond placement in its home country of Russia. Per the firm, the new bond placement enjoyed significant interest, as demand was more than double the amount of bonds on offer. The...
Russia’s Rusal Reveals Radical Refuse Recycling Regime
Russian Federation aluminium giant UC Rusal this week announced a new strategy for the management of its industrial waste that...
Arconic To Sell Off Russian Aluminium Operations
Pittsburgh value-added aluminium firm Arconic Corporation said last week it is working towards divesting itself of its interests in its...
Events
Russia’s Metal Sector Must Change To Adapt To “Illegal” Sanctions: Putin
Russia’s aluminium sector could be in for some major changes to combat sanctions against the country, as raw materials and sales of finished product have been hampered due to limits enacted by the global community. Such was the message delivered by Russia’s leader Vladimir Putin on Wednesday. In a televised meeting with various metals industry […]
Rio Tinto Takes Full Control Of Queensland Alumina Refinery From UC Rusal
Anglo-Australian metals mining giant Rio Tinto Group has taken full control of the Queensland alumina refinery it shares with Russian aluminium titan UC Rusal, boxing out the embattled firm that is already suffering due to sanctions imposed upon Russian businesses in the wake of the country’s invasion of Ukraine. According to an emailed statement, Rio […]
Rio Tinto Receives Bauxite Shipment From Rusal After Swearing Off Russian Business Ties
Despite assurances last month that it would not do so, an analysis of shipping data indicates that Rio Tinto Group has received a shipment of alumina from Russian firm UC Rusal. Rio Tinto previously swore off conducting business with Russian firms in light of Vladimir Putin’s move to invade Ukraine earlier this year. Founder, shareholder, […]
Rusal Ships First Ore From Guinea Mines Since Mid-March
Newly-released shipping data shows that Russia’s UC Rusal has shipped the first bauxite ore from its operations in West Africa in almost a month. Data from Refinitiv indicates that an ore transport ship with ties to Rusal loaded a larger ore ship that left Kamsar in Guinea on Tuesday. Although sanctions against Russian businesses have […]
Rusal Completes ₽7 Billion Project To Build Social Infrastructure In Krasnoyarsk Region
Russia’s aluminium giant UC Rusal completed a ₽7 billion (US$71 million) project to improve social infrastructure facilities in the Krasnoyarsk Region near its Boguchansk aluminium smelter this week. The project in the village of Tayozhny included the building of a kindergarten, a school, and a clinic. The project was part of a broader agreement with […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
