Russian Aluminium Stocks Swell In LME Warehouses As Traders And Buyers Find Alternative Supplies

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...


Aluminium Magnate Oleg Deripaska Critical Of Russia’s Outdated Financial System

Russian oligarch and aluminium titan Oleg Deripaska went on record earlier this week criticizing his country’s outdated financial system, noting that Russia’s financial sector is going backwards while the rest of the world leaves them behind.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 […]

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 […]