Rusal Calls On LME To Report Origin Of All Aluminium In Its Warehouses
Russian aluminium giant UC Rusal has called upon the London Metal Exchange to disclose the origin of the entirety of...
Russia
Alcoa Agrees With Rusal’s Call For LME To Disclose Aluminium Stocks Origin
Pittsburgh aluminium pioneer Alcoa Corporation came out in favor of UC Rusal’s suggestion last week for the London Metal Exchange to publish the origin of all its aluminium and other metal stock in their warehouses around the world. The LME has faced...
Arconic Completes Sale Of Russian Aluminium Assets To Russian Titanium Giant
Pittsburgh aluminium value-added firm Arconic announced the completion of the sale of the entirety of its Russian operations to Promishlennie...
LME Will Not Ban Russian Aluminium
The London Metal Exchange said last week that it does not plan to ban Russian aluminium from its warehouses due...
Events
Alcoa And Rusal Engage In War Of Words Over Alleged Deposits Of Russian Aluminium In LME Warehouses
Embattled Russian aluminium titan UC Rusal fired back at critics late last week, denying allegations by Alcoa and others that it has been shipping thousands of metric tons of its primary aluminium to London Metal Exchange (LME) warehouses in recent weeks. Alluding to a statement made by Alcoa and reported earlier in the day by […]
Glencore To Buy Aluminium From Rusal: Sources
Sources claiming knowledge of the situation say Glencore plc will buy aluminium for embattled Russian aluminium firm UC Rusal according to comments published in a wire service. Reuters reported on Thursday that two individuals with direct knowledge of the situation informed them of Glencore’s decision. Those sources also indicated that only about a tenth of […]
Norsk Hydro Joins Chorus Of Aluminium Smelters Seeking Sanctions On Russian Aluminium
Norway’s aluminium titan Norsk Hydro ASA called for sanctions on Russian aluminium from the United States and the European Union yesterday, citing the spike in energy costs and the unfair advantage that gives Russian aluminium producers who are not experiencing the same. Roughly half of the aluminium smelting capacity in Europe has been axed in […]
Glencore Ships Russian Aluminium To LME Warehouses: Reuters
News agency Reuters reported on Tuesday that Glencore plc has delivered significant amounts of aluminium from Russia to warehouses in the Republic of Korea (South Korea) registered to the London Metal Exchange and originating from UC Rusal. Two sources claiming knowledge of the situation told Reuters this week that the shipments of Rusal’s aluminium arrived […]
Rusal Parent Company Says Report Of Bans On Russian Aluminium “Irresponsible”
En+ Group took the offensive against media reports suggesting that the United States government is considering sanctions on Russian aluminium and other materials this week, asserting that it has been fully compliant with US import regulations. UC Rusal’s parent company spoke through Chairman Christopher Burnham, who characterized the reports of Russian aluminium restrictions as “irresponsible […]
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 ...
