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...
Russia
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...
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...
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...
Events
Trump Tariffs Have Cost The Russian Economy US$600 Million So Far – Economic Minister Oreshkin
According to government estimates, the total damage done to the Russian economy by the Trump administration’s tariffs on aluminium and steel imports is US$600 million to date. Russian Economic Development Minister Maxim Oreshkin revealed the damage estimate in the course of an interview with state media last week. “We have already calculated the damage done […]
Minor Loosening Of U.S. Sanctions On Rusal May Have Major Repercussions
A minor adjustment to the sanctions imposed upon Russian aluminium giant U.C. Rusal by the Trump administration may portend potentially major changes in the measure that has hobbled the firm and sent a tsunami of chaos and uncertainty throughout the global aluminium trade. On Friday the United States Treasury Department’s Office of Foreign Asset Control […]
U.S. Sanctions May Mean A Lonely Mating Season For Rusal
The yearly highlight of the global aluminium industry is set to begin on Wednesday in Berlin: Metal Bulletin’s 33rd International Aluminium Conference. The three-day meeting is typically considered the ground for the so-called “mating season,” that time of the year when deals are struck between aluminium suppliers and their buyers for what sales of aluminium above […]
U.S. Sanctions On Rusal Lead RusHydro To Reconsider Partnership In Proposed Taishet Aluminium Smelter
The shadow of United States sanctions has soured a deal between Russian aluminium titan U.C. Rusal and compatriot power company RusHydro to build a new aluminium smelter in Siberia. RusHydro’s chairman Nikolai Shulginov told the media on Monday that the project, which the two companies began work on twelve years ago, has gone from tentative […]
Russian Government Prepared To Aid Rusal Should Conditions Warrant It: Manturov
The Russian government is prepared to step in with help for aluminium smelting giant U.C. Rusal should the Trump administration’s sanctions persist and affect operations. According to comments made by Industry Minister Denis Manturov, the Kremlin is prepared to go so far as to purchase metal from the state’s own supplies in an effort at […]
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 businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
