Russia

Sanctions A Dim Memory As Rusal Enters 2020 Aluminium Mating Season

Sanctions A Dim Memory As Rusal Enters 2020 Aluminium Mating Season

Russian Federation aluminium behemoth U.C. Rusal is entering a far different mating season this year than last according to sources who spoke with Reuters last week, noting that the traditional negotiating window for next year’s contracts is brisk for the sanction-free firm....

Events

Rusal Reports 20.8 Percent Rise In Aluminium Sales During Second Quarter

Russian Federation aluminium titan U.C. Rusal released operating results for the second quarter of 2019 on Friday. Production of aluminium and alumina remained essentially level, with sales in the quarter increasing to catch up on a backlog of product trapped in inventory due to last year’s OFAC sanctions. In the first quarter Rusal produced 938 […]

Rusal Joint Venture Aluminium Wire Cable Factory Begins Production

Russian Federation aluminium giant U.C. Rusal announced on Thursday the commencement of production at Bogolsovsk Cable Factory (BCF), an aluminium alloy core wire production facility in which it is a partner with ELKA-Cable Group. Elements of the factory had entered production previously, including a workshop and certain supplemental machinery. Prior to the second workshop’s commissioning, […]

Global Aluminium Production Falls To 5.25 Million Metric Tons In June

Global aluminium production fell in June, as the worldwide total of smelted primary aluminium last month came to 5.25 million metric tons according to numbers released by the International Aluminum Institute on Monday. Per the Institute’s numbers, June’s production was down on the month by 180 thousand metric tons on the month and 80 thousand […]

Rusal Places Second Set Of Ruble Bonds This Year On Moscow Exchange

Russian Federation aluminium titan U.C. Rusal announced yesterday the closing of the book-building process for the second successful ruble bond placement the firm has made this year on the Moscow Exchange. The just-completed bond placement is a 10-year bond with a 3.5-year put option and has a nominal value of ₽15 billion (US$236 million). A […]

Rusal Promoted To AAA Credit Rating By Top Chinese Rating Agency

Russian Federation aluminium giant U.C. Rusal announced yesterday that its credit rating was upgraded to AAA status by a top credit rating agency in the People’s Republic of China. Per the firm, China Chengxin Securities Rating Co., Ltd. boosted Rusal’s credit rating from AA+ and assigned it a Stable outlook due to its improved financial […]