En+ Group

Rusal Inks Deal With Taiwan Aluminium Alloy Producer Hodaka To Supply Low-Carbon Aluminium

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...

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 […]