Alumina Costs Are Hurting Aluminium Smelters
Even if the London Metal Exchange (LME) three-month aluminium price hit a seven-year high of US$ 2718 per tonne on...
rusal sanctions
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...
Russian Automaker AvtoVAZ Searching for Long-Term Replacement for Aluminium from Sanction-Laden Rusal
Russian Federation automotive manufacturer AvtoVAZ said late last week that, though it is remaining a customer with sanction-crippled Rusal, it...
Bowing to U.S. Sanctions, Deripaska Relinquishes Rusal’s Reins
In a move aimed at encouraging the Trump administration to ease sanctions on the firm, Russian businessman Oleg Deripaska has...
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 […]
Aluminium Market in Throes of Worst Turmoil Since 1990s Thanks to Trump Administration: Novelis Chief Palmieri
The tariffs and sanctions issued upon the aluminium industry by the Trump administration has caused more discord and upheaval than the sector has experienced in almost three decades. Such is the opinion of the head of one of America’s biggest rolled aluminium suppliers. Marco Palmieri, Novelis North America’s president, told the Financial Times in an […]
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 […]
Sources Say EGA IPO Delayed to 2019 Due to Aluminium Market’s Reaction to Rusal Sanctions
A planned IPO by Emirates Global Aluminium PJSC is unlikely to occur until next year due to the waves of turmoil set off by the United States government’s levying of crippling sanctions upon Russian smelter U.C. Rusal last month. Such was the message delivered by an anonymous source who spoke to Reuters last week. “The […]
Are Things Finally Looking Up For The Aluminium Market?
Base metals prices recovered sharply in the first half of September, after a seasonal slump in August, as investors and traders hope that easing trade tensions between U.S. and China might boost demand for metals in the remaining part of the year. ...
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the ...
Aluminium Prices Under Double Pressure: Trade Wars and Chinese Exports
Base metals prices tumbled to their lowest in several weeks at the start of August, after U.S. President Donald Trump ...
Dirty Metal – China’s Troublesome Tether Between Coal And Aluminium
The year 2019 has been a red-letter year for the aluminium sector in the People’s Republic of China. Despite trade ...
