Russia

Russian Scientists Develop Porous, Floating Aluminium Alloy

Russian Scientists Develop Porous, Floating Aluminium Alloy

Researchers in Russia have announced the development of an unsinkable aluminium alloy by making the substance porus. St. Petersburg’s Peter the Great St. Petersburg Polytechnic University’s (SPbPU) Laboratory of Light Materials and Structures developed the breakthrough material by introducing gas into the...

Events

Rusal Negotiates US$1.7 BN PXF Debt Facility

Russian Federation aluminium mammoth U.C. Rusal announced the successful negotiation of a new debt facility yesterday. The firm intends to use the facility to refinance its existing debt. The new agreement, which is a syndicated Pre-Export Finance Term Facility Agreement (PXF) is for an amount of US$1.7 billion at an interest rate 3M LIBOR+3% per […]

Rusal Boosts Corundum Production at Aluminium Refinery in NW Russia

Russian Federation aluminium titan UC Rusal announced on Friday that the modernization project the firm undertook at its Boksitogorsk Alumina Refinery is now complete. The US$1.65-million project began in the fall of 2015 and featured the installation of cutting-edge crushing and processing equipment intended to boost the facility’s output of corundum. The plant’s new nameplate […]

Aluminium’s Big 4: strategies and outlook for 2017

The four biggest aluminium companies in the world (excluding China), namely Alcoa, Norsk Hydro, UC Rusal and Rio Tinto, had a good start to 2017. Thanks to higher aluminium and alumina prices, all four registered significantly higher net profits in Q1 2017 compared to the previous quarter. But that doesn’t mean that all aluminium producers […]

Recovered Aluminium Prices, Internal Cost Measures Buoy Rusal’s Q1 Results

Russian Federation aluminium titan UC Rusal released first-quarter results on Friday. Though production numbers remained approximately level, the recovery in the aluminium market coupled with internal cost consciousness contributed to solid gains on the firm’s financial bottom line. Rusal turned in US$2,297 million in revenue during the quarter, up 20% from US$1,194 million in the […]