Russia

Slower Increase in China’s Capacity Will Continue to Buoy Aluminium Prices: Rusal’s Mukhamedshin

Slower Increase in China’s Capacity Will Continue to Buoy Aluminium Prices: Rusal’s Mukhamedshin

Russian Federation’s United Company Rusal foresees a rise in aluminium prices as raw materials prices increase and slow capacity expansion in the People’s Republic of China. In an interview published yesterday, Rusal’s deputy CEO Oleg Mukhamedshin indicated that alumina prices are on...

Events

Improved Demand and Better Cost Controls Boost Rusal’s Second Quarter Numbers

Russian aluminium major UC Rusal released second quarter 2016 results on August 25. Numbers for the just-ended quarter show a ten-percent jump in profits thanks in part to global increased demand for aluminium. The firm reported an adjusted EBITDA of US$344 million for the quarter, a 10.3% increase over Q1. Recurring net profit increased to […]

Rusal Produces First Batch of Scandium Oxide

Russian aluminium giant UC Rusal announced yesterday that it had for the first time produced scandium oxide at a concentration exceeding 99%. According to the firm, the achievement occurred at its smelter in the Ural mountains known as UAZ. Rusal previously installed and launched a pilot unit that was designed to process scandium concentrate into […]

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 mode) Rusal’s first-half aluminium sales increased to 1.915 million metric tons, an increase […]

JISCO Acquires Alpart from Rusal for US$299 MM

Russian aluminium major UC Rusal announced yesterday that it has agreed to sell Alumina Partners of Jamaica (Alpart) to Jiuquan Iron & Steel (Group) Co. Ltd. (‘JISCO’) of China. According to the press release, Rusal will be receiving US$300 million for Alpart, and that the sale is part of Rusal’s efforts to improve the firm’s […]

Rusal Plans to be Russia’s Sole Supplier of Aluminium By 2025

Russian Federation aluminium major Rusal has set its sights on being the sole supplier of the entirety of the country’s aluminium needs, Sales Director for Russia and CIS Roman Andryushin told Russian News Agency TASS in an interview published yesterday. Andryushin went on to say that Rusal expects domestic aluminium consumption to increase in the […]