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...
Russia
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...
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...
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...
Events
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 […]
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 […]
German Companies Supportive Of Sanctions Against Russia Despite Increased Aluminium Bottlenecking
A survey last week by Germany’s BGA trade association showed that, despite an expected economic slowdown, German businesses fully supported Berlin’s economic sanctions against Russia for its invasion of Ukraine last month, even if such sanctions threaten supplies of raw materials like primary aluminium. In a statement released to the press about the survey, BGA […]
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 […]
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 ...
