rusal sanctions

Russian Government Searching for Ways to Help Embattled Aluminium Industry: Deputy PM Kozak

Russian Government Searching for Ways to Help Embattled Aluminium Industry: Deputy PM Kozak

The Russian Federation government is in the process of finding new and effective ways of boosting its country’s native aluminium industry. So said one of the state’s top officials in the course of comments made to the press last weekend. Russian Deputy...

Events

Sanctions on Rusal Leading to Salary Shortages for Windalco Workers

The sanctions levied against U.C. Rusal by the United States Treasury Department last month are starting to hit home with the rank-and-file workers at the company’s several plants around the world. According to sources who spoke with Bloomberg, Rusal has been unable to pay full compensation to certain workers outside of Russia partially due to […]

Chalco to Ship Up To 50,000 Tonnes of Alumina Overseas By Month’s End: Lu Dongliang

A rise in alumina prices over the past several months thanks to United States sanctions of Rusal and outages at Alunorte has prompted Aluminum Corp of China Ltd (Chalco) to take the unusual step of selling the aluminium precursor to buyers abroad. “We ourselves have 30,000-50,000 tonnes (of alumina exports this month),” revealed Chalco’s president […]

Rusal’s Pre-Sanction Q1 Recurring Profit Jumped 22.4% to US$531 MM

Russian Federation aluminium smelter U.C. Rusal released first-quarter results late last week, showing solid growth in the period immediately prior to the Trump administration sanctions that hobbled the firm just days after the quarter’s close. Rusal showed revenue of US$2.744 billion in the quarter, a 19.5-percent improvement over last year’s opening quarter, but essentially level […]