Evgenii Nikitin

Lower Sales Volumes Punish Rusal’s Bottom Line In 2020’s First Half

Lower Sales Volumes Punish Rusal’s Bottom Line In 2020’s First Half

Russian Federation aluminium titan UC Rusal released financial and production results for the first half of 2020 yesterday. Though production was steady, lower prices and lower sales volumes conspired to dent financial numbers in the period. For the opening half of 2020,...

Rusal Begins Production Of Aluminium Alloy Cathodic Protection Anodes

Russian Federation aluminium behemoth U.C. Rusal yesterday announced the commencement of cathodic protection anodes designed for use in the prevention of corrosion on pipelines, shipbuilding, and a myriad of other heavy industries. The move is a bid to increase the firm’s share of value-added products in its business mix. The anodes, which will be produced […]

Rusal To Invest ₽500 Million In Program To Fund 11 Civic Improvement Projects Throughout Russia

Russian Federation aluminium behemoth U.C. Rusal will invest ₽500 million (US$7.9 million) to support eleven infrastructure and recreational programs throughout Russia. Rusal chose the eleven projects as part of a competition last year in which over two dozen urban projects were evaluated by company representatives, subject matter experts, and online poll participants. Almost 20 thousand […]

Rusal Announces ₽5.2 Billion Modernization Push For Sayanogorsk And Khakas Aluminium Smelters

Russian Federation aluminium giant U.C. Rusal announced yesterday a plan to invest ₽5.2 billion (US$83 million) to modernize its aluminium smelters at Sayanogorsk and Khakas. Per the firm, the largest projects associated with this modernization push will involve upgrading the casthouse at Khakas with a new cleaning system for its 10-metric-ton ladles. The improvement will […]

Weak Aluminium Prices At LME Take Toll On Rusal Bottom Line In Q3

Russian Federation aluminium behemoth U.C. Rusal released financial results for the third quarter and opening nine months of 2019 on Friday. Though production was generally level or better compared to prior periods, a decrease in aluminium prices teamed up with a reduction in value-added products sales to weigh down financial numbers for both periods. For […]

Rusal Inks US$1.085 Billion Sustainability-Linked Pre-Export Finance Facility

Russian Federation aluminium giant U.C. Rusal announced yesterday the signing of a five-year, US$1.085-billion sustainability-linked pre-export finance facility, the first of its kind ever arranged by domestic and international banks in Russia. Per the firm, the facility grew from the originally-announced amount of US$750 million due to market support for its low-carbon and green aluminium […]