U.S. Government Grants En+, Rusal Another Two Weeks Before Third-Party Sanctions Kick In
Acknowledging the progress En+ Group, U.C. Rusal, and GAZ Group has made in complying with United States government requirements for...
Russia
Rusal Chairman Warnig Resigns Per Agreement With U.S. Government For Lifting OFAC Designation
Russian Federation aluminium titan U.C. Rusal announced on Wednesday the departure of Matthias Warnig from the company’s board of directors. The now-former chairman’s resignation is part of the corporate restructuring Rusal agreed to in order to have sanctions lifted by the United...
Source: Kremlin Prepares RUB10 Billion Purchase Of Aluminium From Rusal
In a bid to lend support to the sanctioned Russian Federation aluminium giant U.C. Rusal, the Russian government has plans...
U.S. Government Extends Rusal Sanction Reprieve To Early January
The Trump administration announced on Friday another month-long extension of a reprieve from sanctions for En+ Group, Rusal, and GAZ,...
Events
Despite U.S. Sanctions, Rusal Records 55% Rise In Profits In Third Quarter
Russian Federation aluminium behemoth U.C. Rusal released results for the third quarter yesterday. Though still laboring under sanctions imposed on it by the Trump administration, Rusal posted a 55-percent jump in net profits in the just-ended quarter. In the third quarter Rusal smelted 940 thousand metric tons of primary aluminium, up by 1 percent on […]
Yielding To U.S. Pressure, Oleg Deripaska Steps Down From En+ Group
Following through on promises made this summer to United States government regulators, U.C. Rusal’s parent company En+ Group announced on Friday that founder Oleg Deripaska has passed the company’s reins to a successor. In a brief press release issued on Friday, the company said that the move was made as part of a larger initiative, […]
United States Government Extends Rusal Sanctions Deadline To December 12
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has granted another month’s reprieve to Russian Federation aluminium titan U.C. Rusal with its announcement on Friday that the expiration date of the company’s general licenses has been pushed back to December 12. According to OFAC, the extension embodied in General Licenses 13E, […]
U.S. Treasury Department Delays Deadline For Ceasing Business With Rusal To November 12
Struggling Russian Federation aluminium giant U.C. Rusal received a temporary reprieve from the United States Treasury Department late last week in the form of an extension of the deadline for ending third-party transactions. According to a press release issued by the Treasury Department, the new deadline for customers to end commercial transactions with Rusal is […]
Rusal To Establish Trading Team In Beijing To Carry On Aluminium, Alumina Business In China: Sources
With the other shoe to drop in just under a month in the form of a deadline for third parties to end business relations with the firm, Russian Federation aluminium titan U.C. Rusal is hurriedly establishing a team of traders in the People’s Republic of China to carry on business there. So said a trio […]
Aluminium Industry Riding To Higher Demand In Electric Vehicles
This is an exciting time indeed for aluminium consumption, with demand for this highly versatile metal continuing to rise to dizzying heights with every new estimate. Among the brighter stars in the consumption constellation continues to be that of electric vehicles. As ...
Leaders Emerge In The Aluminium Industry’s Race To Zero Carbon
One of the aluminium industry’s major goals continues to be the production of metal in a manner that emits the ...
Aluminium Market Update: Why Are Aluminium Prices Lagging Behind Other Base Metals?
Base metals prices have recovered significantly since January’s lows after news that the US and China are inching closer to ...
The Venezuela Blackout Spells Doom for its Aluminium Industry
After Venezuela’s energy supply failed on March 8th, the directors of the CVG together with the presidents of each company ...
