Russia

Norsk Hydro Weighing Force Majeure Declaration on Rusal Contracts

Norsk Hydro Weighing Force Majeure Declaration on Rusal Contracts

With the ink scarcely dry on a similar announcement by Rio Tinto Group, Norsk Hydro A.S.A. revealed on Friday that it may be forced to declare force majeure on certain contracts it has with U.C. Rusal. Hydro told investors that the sanctions...

Events

Rio Tinto Warns 2018 Aluminium Output May Suffer Due to Rusal Sanctions

Repercussions continue to be felt throughout the global aluminium trade as evidenced by Rio Tinto Group’s announcement on Wednesday that it may revise its 2018 aluminium output on account of sanctions placed upon U.C. Rusal by the United States Treasury Department earlier this month. In the course of its announced production results, the firm projected […]

Citing U.S. Sanctions, Japanese Trading Houses Decline Rusal Aluminium

The fallout from United States sanctions upon Rusal reached producers in Japan earlier this week, as the country’s major trading houses have requested the Russian aluminium giant to cease sending aluminium to their warehouses. According to buyers who spoke with Reuters yesterday, the situation has thrown the domestic trade for a loop, prompting firms who […]

Deripaska, Rusal, and En+ Group Face Sanctions From U.S. Treasury Over Alleged Election Interference

Russian Federation aluminium giant U.C. Rusal is searching for answers in the wake of sanctions levied against it and other Russian interests on Friday by the United States Treasury Department. The world’s second-most-prolific aluminium maker found itself caught up in the latest sanctions against individuals identified by Washington, D.C. as being connected to or otherwise […]