En+ Commits To Zero GHG Emissions By 2050
Anglo-Russian energy and metals company En+ Group IPJSC announced yesterday its intention to reduce its greenhouse gas emissions by at...
En+ Group
Rusal Inks Deal With Taiwan Aluminium Alloy Producer Hodaka To Supply Low-Carbon Aluminium
Russian Federation titan U.C. Rusal announced earlier this week a new agreement with Taiwanese aluminium alloy producer Hodaka to provide it with its low-carbon aluminium products. Rusal will supply Hodaka with its ALLOW line of low-carbon aluminium, which is produced using power...
En+ Group Joins Business Ambition for 1.5°C Movement
Russian aluminium behemoth U.C. Rusal’s parent company En+ Group IPJSC announced yesterday its intention to reach certain science-based emission reduction...
Congressional Democrats Calling For Review Of Rusal’s Participation In Proposed Kentucky Aluminium Rolling Mill
Controversy is brewing in Kentucky around Rusal’s attempt to establish the first new aluminium rolling mill in the United States...
Events
Drop In Aluminium Prices Dent En+ Group’s First-Quarter Results
Lower aluminium prices, coupled with the final month of sanctions by the United States government, teamed up to sink En+ Group’s first-quarter profit by 39 percent to US$409 million in the year’s opening quarter. Such was the message conveyed by the firm upon its release of the quarter’s financial numbers on Friday. Per the firm, […]
Uniprom Announces €26 Million In Upgrades To Kombinat Aluminijuma Podgorica
A substantial renovation at Kombinat Aluminijuma Podgorica (KAP) may be in the near future, as the plant’s owner announced a €26-million project to overhaul and upgrade the site’s refining equipment. Industry media reported on Tuesday that Uniprom plans to install an €11-million silumin production unit on site, featuring a production capacity of 30 thousand metric […]
U.S. Government Rescinds Sanctions On U.C. Rusal, En+ Group, And JSC EuroSibEnergo
The first business day back at work for the United States federal government saw the long-awaited lifting of sanctions from U.C. Rusal, En+ Group, and JSC EuroSibEnergo, bringing to a close the restrictions that crippled the firms since their imposition last April. In a release issued late Sunday, the U.S. Department of the Treasury’s Office […]
U.S. Senate Votes Against Extending Sanctions On Rusal
Russian Federation aluminium titan U.C. Rusal is seeing more light at the end of the sanctions tunnel after the United States Senate rejected legislation that would have kept the world’s second-biggest aluminium producer under sanction. On Wednesday the upper house of Congress voted 57-42 to end debate on the legislation, effectively ending its consideration by […]
LME To Trade Rusal Aluminium Upon Lifting Of OFAC Sanctions
Another hopeful sign emerged last week for troubled Russian Federation aluminium giant U.C. Rusal when the London Metal Exchange confirmed that it would begin again accepting the firm’s aluminium when United States government sanctions are lifted. Per Reuters, the Exchange discussed resuming the trading of Rusal aluminium upon the revocation of sanctions, and no objections […]
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 ...
