Russia

Rusal’s Aluminium Sales Volume Jumps 5% in First Half of 2016

Rusal’s Aluminium Sales Volume Jumps 5% in First Half of 2016

Russian Federation aluminium major UC Rusal announced second quarter 2016 results yesterday, showing a five percent bump in aluminium sales in the first half of the year, thanks largely due to the firm’s opening of its Boguchansky smelter (currently operating in test...

Events

Rusal to Keep Once-Doomed Plants Open if Current Market Holds: CEO Soloviev

Russian aluminium giant UC Rusal is not planning to close two of its plants thanks to the recent rebound in the metal’s prices, according to remarks made by CEO Vladislav Soloviev to Russian News Agency TASS. However, Soloviev did not rule out the possibility of closing plants in the event that the price falls below […]

Rusal Signs Letter of Intent with Maersk Line

Russian aluminium major UC Rusal announced this week that it has signed a three-year letter of intent with Danish transportation company A.P. Møller–Maersk Group (“Maersk Line”). According to Rusal, the letter of intent specifies that the two firms have agreed to a long-term cooperative relationship with regard to cargo container shipments of Rusal’s product via […]

Rusal Wins Aluminium Industry Leadership Award

Moscow’s UC Rusal announced yesterday that it was named The Industry Leader in Aluminium at the 2016 Platts Global Metals Awards. The awards were presented at a black-tie gala attracting metals industry leaders from around the world on Thursday, May 19 at Marriott Grosvenor Square in London, England. Rusal was chosen as a recipient of […]

Rusal’s First Quarter Numbers an Overall Improvement Over Q4 2015

Russian aluminium major UC Rusal reported financial results from this year’s first quarter yesterday. The firm’s results are an improvement over the previous quarter, thanks largely to lower overall cash costs and more positive market trends in the quarter. Rusal’s overall revenue for the quarter was US$1,914 million, down from Q1 2015’s US$2,477 million, but […]