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...
Russia
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...
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...
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...
Events
Aluminium Magnate Oleg Deripaska Critical Of Russia’s Outdated Financial System
Russian oligarch and aluminium titan Oleg Deripaska went on record earlier this week criticizing his country’s outdated financial system, noting that Russia’s financial sector is going backwards while the rest of the world leaves them behind. Although criticism of Moscow by Russians can be dangerous, it appears that the founder and stakeholder in UC Rusal […]
Rusal Anticipates Second Filing Against Vladimir Potanin Over Nornickel Dividends Accord
Two of Russia’s premier metal firms are squaring up for another fight as Rusal says it is preparing another lawsuit against Nornickel’s CEO Vladimir Potanin. In a court order reported on by Reuters, the Russian aluminium giant wishes to “bring certain further claims” not covered in a prior lawsuit against Potanin and connected firm Whiteleave […]
Glencore Declining To Renew US$16 Billion Contract With Rusal
In a move that stunned the aluminium world, Glencore plc announced that it is not renewing its US$16 billion contract with Russian aluminium titan UC Rusal. In an interview with Bloomberg, Glencore’s CEO Gary Nagle said it will complete the contract it has with Rusal, but, under its new policy of shunning business from Russia, […]
Century Aluminum Applauds Biden Administration For New Tariff On Russian Aluminium
The President and CEO of American aluminium smelter Century Aluminum came out in favor of the Biden Administration’s coming 200 percent additional tariff on imported Russian aluminium earlier this week. CEO Jesse Gary began by thanking the administration in a press release on the subject. “Thank you to the Biden Administration for inviting Century to […]
Rusal Begins Production Of Aluminium Hydrate Catalysts At Achinsk Refinery
Russian aluminium titan UC Rusal said this week that it has developed and launched the production of raw materials for aluminium hydrate catalysts at its Achinsk Alumina Refinery (RUSAL Achinsk). The firm has also begun production of VOGA fire retardants at that location. The catalysts under production are used in the petrochemical industry and in […]
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 ...
