Russia

Russia’s Metal Sector Must Change To Adapt To “Illegal” Sanctions: Putin

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...

Events

Australia Government Enacts Immediate Ban On Bauxite And Alumina To Russia

Last week the Australian government announced that it has banned with immediate effect the import of bauxite and alumina from Russian suppliers, citing the ongoing invasion of Ukraine by Russia’s military forces. In a statement released by several of Australia’s government ministries, Canberra noted that the move would greatly inhibit Russia’s ability to produce its […]

Rio Tinto To Sever Ties To Russian Businesses Due To Ukraine Invasion

Anglo-Australian mining giant Rio Tinto Group said this week it will sever all ties to businesses from the Russian Federation in light of that country’s invasion of Ukraine last month, joining a wide array of major firms that have announced their exodus from the country. Rio Tinto does not currently have any operations in either […]

Glencore Mulling Sale Of Its Share In Rusal’s Parent Company En+ Group

Anglo-Swiss metals miner Glencore plc announced earlier this week that it is conducting a review of all of its business dealings with Russian firms, including the equity stakes it has in Russian aluminium giant UC Rusal’s parent company En+ Group. Glencore currently has a 10.5-percent share in Rusal’s parent company. However, the firm downplayed its […]