Russia

Rusal Places First Ever Yuan Bonds In 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...

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 […]

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 […]