Despite Sanctions, Rusal’s Sales Of Alumina Jumped By 26.8 Percent In 2018
Russian Federation aluminium titan U.C. Rusal reported financial and production results for 2018 yesterday, turning in strong numbers especially in...
rusal sanctions
Rusal Resumes Aluminium Shipments To U.S. Buyers
With sanctions finally in the rear-view mirror, Russian Federation aluminium giant U.C. Rusal said earlier this week that it has resumed shipments to buyers in the United States. In comments made to Reuters on Monday, Rusal CEO Evgenii Nikitin said that the...
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...
End To Sanctions On Rusal A Boon To Armenian Aluminium Supplier
Easing of sanctions upon Russian Federation aluminium giant U.C. Rusal will be a boon to an aluminium mill that provides...
Events
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 […]
Rusal Chairman Warnig Resigns Per Agreement With U.S. Government For Lifting OFAC Designation
Russian Federation aluminium titan U.C. Rusal announced on Wednesday the departure of Matthias Warnig from the company’s board of directors. The now-former chairman’s resignation is part of the corporate restructuring Rusal agreed to in order to have sanctions lifted by the United States government. “I am confident that I can hand over to my successor […]
RUSAL: Citing Compliance With Sanctions, OFAC Begins Process Of Dropping Designation
After spending over eight months laboring against some of the toughest sanctions levied in recent years by the United States government on a Russian firm, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced yesterday its intentions to end sanctions on En+ Group plc UC Rusal plc, and JSC EuroSibEnergo. Per […]
Aluminium: Year in Review and What to Expect in 2019
It’s been a rocky year for metal prices. The second half of the year, especially November and December, were quite a disappointment, and all five LME traded base metals are on track to post yearly drops. The main reason for this negative market sentiment is the lasting uncertainty over U.S.- China trade sanctions and the […]
Half-Year Report: Aluminium Prices Still Under Pressure
Base metals prices continued to slide in May and early June, with metals traded on the LME witnessing some serious losses, causing the index to drop by 6.6% in May. The reason for this fall remains the same: investors are cautious about ...
Aluminium Prices in Q2: A Market Analysis
Base metals prices tumbled in the last week of April and at the start of May, with the aluminium price ...
Research and Investment Hail Changing Tides for Montenegro’s KAP
On April 25, Montenegro’s Uniprom D.O.O. (owners of Kombinat Aluminijuma Podgorica, KAP) started construction works on a €15 million aluminium ...
Aluminium Industry Riding To Higher Demand In Electric Vehicles
This is an exciting time indeed for aluminium consumption, with demand for this highly versatile metal continuing to rise to ...
