Deripaska Acquitted Of Contempt Charges By London Court
Controversial Russian aluminium magnate Oleg Deripaska was acquitted of a contempt of court charge in a British court last week,...
En+ Group
Glencore Limited Purchases from Rusal, Records Show
Commodities conglomerate Glencore purchased only a fraction of the 6.9 million metric tons of aluminium available under its contract with Russian giant Rusal from 2020-2022, regulatory records reveal. The deal, poised for a possible extension to 2025, has recently come under the...
Glencore Rival Trafigura In Talks To Buy Rusal Aluminium
Singapore-based Swiss multinational commodities trader Trafigura Group Pte. Ltd. is discussing the purchase of about 150 thousand metric tons of...
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...
Events
Rusal Sues Rio Tinto For Return Of 20 Percent Share Of Queensland Alumina
Russian Federation aluminium titan UC Rusal is suing Anglo-Australian mining giant Rio Tinto Group to receive back its 20-percent share of Queensland Alumina Ltd. that the latter firm took from Rusal in the wake of Russia’s invasion of Ukraine earlier this year. According to documents reviewed by Reuters, Rusal is pushing back against Rio Tinto’s […]
Rusal Pushes Back Against Rio Tinto’s Takeover Of Queensland Alumina
Russian aluminium firm UC Rusal fired back at its partner at Queensland Alumina Ltd., Anglo-Australian mining giant Rio Tinto Group after the latter stepped in and took control of Rusal’s 20-percent share of the operation earlier this month. Citing sanctions against Russia for its invasion of Ukraine and specifically a ban on alumina exports to […]
Rio Tinto Receives Bauxite Shipment From Rusal After Swearing Off Russian Business Ties
Despite assurances last month that it would not do so, an analysis of shipping data indicates that Rio Tinto Group has received a shipment of alumina from Russian firm UC Rusal. Rio Tinto previously swore off conducting business with Russian firms in light of Vladimir Putin’s move to invade Ukraine earlier this year. Founder, shareholder, […]
Glencore Mulling Sale Of Its Share In Rusal’s Parent Company En+ Group
Anglo-Swiss metals miner Glencore plc announced earlier this week that it is conducting a review of all of its business dealings with Russian firms, including the equity stakes it has in Russian aluminium giant UC Rusal’s parent company En+ Group. Glencore currently has a 10.5-percent share in Rusal’s parent company. However, the firm downplayed its […]
Rusal Moves Forward With Spin-Off Of High-Carbon Aluminium And Alumina Assets
Russian aluminium behemoth UC Rusal announced this week that it has received approval to demerge its assets into a higher-carbon company. Rusal obtained approval for the move from its two primary shareholders, namely En+ Group and SUAL Partners. The move was announced in May, and it will yield two separate businesses with unique strategies. Rusal’s […]
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 ...
