Novelis Refuses to Sign New Aluminium Purchase Contracts with Rusal
Novelis’s top brass said it would continue to honor its contracts in place with Russian aluminium giant UC Rusal, but...
Russia
Glencore Limited Purchases from Rusal, Records Show
Commodities conglomerate Glencore purchased only a fraction of the 6.9 million metric tons of aluminium available under its contract with Russian giant Rusal from 2020-2022, regulatory records reveal. The deal, poised for a possible extension to 2025, has recently come under the...
European Trade Group Pushes Back Against Calls For Banning Russian Aluminium In LME Warehouses
The war of words over Russian aluminium at London Metal Exchange warehouses continued on Friday, as another trade industry group...
Norsk Hydro And Rusal In War Of Words Over Russian Aluminium In LME Warehouses
Norsk Hydro ASA appealed to the London Metal Exchange last week to reverse its decision not to ban Russian-source aluminium,...
Events
Internal Document Says European Aluminium Seeks Sanctions Against Russian Aluminium But Not Against Rusal
Trade group European Aluminium is mulling a push for European Union sanctions on imported Russian aluminium without targeting UC Rusal, the country’s preeminent smelter of the metal. According to Reuters, the document dated from this month discussed the potential of European Aluminium “actively calling for EU sanctions on Russian aluminium.” However, the organization noted that […]
Russian Aluminium Stocks Swell In LME Warehouses As Traders And Buyers Find Alternative Supplies
Stocks of Indian and Chinese aluminium in London Metal Exchange warehouses plummeted in June due to a rush by traders and consumers to fill the void left by Russian aluminium. The fall off in Russian aluminium stocks in LME warehouses has been profound. In January, Indian-originated aluminium constituted over half of LME aluminium stocks. In […]
European Alumina Production Surges Month On Month In May To 560 Thousand Metric Tons
Numbers released last week by the International Aluminium Institute showed that alumina production in Europe (including Russia) increased in May over totals from the prior month but fell from production totals from the previous year. IAI said that Europe’s production in the year’s fifth month rose to 560 thousand metric tons, besting the prior month’s […]
Rusal Plans 4.8 MTPA Of New Alumina Refining Capacity For Leningrad
Russian aluminium giant UC Rusal announced plans this week for a new alumina refining plant in Leningrad. Rusal will invest ₽400 billion in the project, which involves the construction of four technological lines at the site as well as improved infrastructure on the Baltic port of Ust-Luga. The first phase will include installing 2.4 million […]
Rusal Approves Of 2035 Sustainable Development Strategy
Russian aluminium giant UC Rusal approved its Sustainable Development Strategy for 2035 this week. Rusal said the strategy will make sustainable aluminium production more budget friendly by developing a new type of non-ferrous assets. These new assets will leverage solutions that are adaptive, fair, secure, and inclusive that will ultimately lead to carbon neutrality by […]
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 ...
