rusal sanctions

Sources Say EGA IPO Delayed to 2019 Due to Aluminium Market’s Reaction to Rusal Sanctions

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...

Events

Situation At Aughinish Alumina “Critical”: Irish Business Minister Humphreys

Ireland’s Minister for Business, Enterprise and Innovation Heather Humphreys characterized the tenuous situation at Aughinish Alumina as “critical” while in Washington, D.C. to meet with various officials of the Trump administration in an effort at resolving the situation between it and Aughinish’s parent company Rusal. Though she praised the decision made late last month to […]

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 Secretary Steven Mnuchin says that Oleg Deripaska must relinquish his majority position in the firm before he’ll entertain the possibility of a détente. “The first aspect would be that he sells down below 50 percent,” […]

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 role in the embattled Russian aluminium giant U.C. Rusal. According to a release published late last week by Rusal’s parent En+ Group, Deripaska will sell off sufficient shares to winnow down his ownership percentage from […]

Rusal Crisis Teases Out Alumina Exports of Up To 500k Tonnes from China

Due to sanctions placed by the United States government upon Rusal and the resulting scarcity of it, alumina refiners in the People’s Republic of China have begun shipments of the material to overseas buyers in loads of up to 500 thousand metric tons. According to sources who spoke to Reuters, Aluminum Corp of China (Chalco) […]

World’s Biggest Beer Company Holds Out Hope for Relief from Trump Aluminium Tariffs

The world’s largest beer brewer told shareholders earlier this week that there is still hope for exemptions and other aids from the United States government for companies that depend upon imported aluminium. In comments made at a meeting of the firm’s shareholders on Wednesday, Anheuser-Busch InBev SA/NV (AB InBev) CEO Carlos Brito voiced his opinion […]