U.S. Treasury Deadline for Rusal Divestment Extended to August 5 as Deripaska Departure Deal Progresses
Though viewed by some as a relaxation of sanctions for Oleg Deripaska’s companies, experts say a two-month extension granted by...
Oleg Deripaska Rusal
Rusal’s Q2 Profits Overcome U.S. Sanctions Thanks To Rising Aluminium Prices
Higher global aluminium prices overcame nearly crippling sanctions in the second quarter to boost Russian Federation aluminium giant U.C. Rusal’s bottom line. Yesterday’s results were the first since the Trump administration’s April 6 sanctions on Oleg Deripaska, En+ Group, Rusal, and several...
U.S. Sanctions Not Meant to Slay Rusal: Treasury Secretary Mnuchin
Though the United States government says it isn’t trying to snuff the life from Russian aluminium giant U.C. Rusal, Treasury...
Deripaska Agrees to Leave Leadership of Sanction-Hobbled Rusal
In an effort at mollifying the powers that be in Washington, D.C., Oleg Deripaska has agreed to a significantly reduced...
Events
Yielding to European Pressure, U.S. Government Signals Willingness to Relent on Rusal Sanctions
The United States government has slightly softened its stance against Russian aluminium smelter U.C. Rusal, announcing on Monday that the sanctions may be lifted if Oleg Deripaska hands the reins to another. Also, in a nod to the fact that the sanctions have led to an unforeseen burden for certain American companies, the Treasury Department […]
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 […]
Rusal’s Deripaska to Step Down and Focus on Norilsk Nickel
Russian Federation industrialist Oleg Deripaska is to step down from his position as president of both En+ Group and U.C. Rusal, Russian and international media reported. While RUSAL clarified that no such decision has been made yet and that the Company’s board will discuss executive changes on 22 February, sources told the media earlier this […]
Aluminium Luminaries – Oleg Deripaska
Oleg Deripaska, president of United Company RUSAL, wrote an opinion piece in The Australian last week outlining his opinion of the 2015 United Nations Climate Change Conference (COP 21) and its findings. As one of the biggest movers and shakers in the aluminium industry, his insight on the most important climate change agreement in history […]
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 ...
