Mandatory Cuts at Alunorte Mar Norsk Hydro’s Positive Numbers in Q1
Though Norsk Hydro A.S.A. returned higher overall numbers for the first quarter, the mandated capacity cut at Alumina do Norte...
rusal sanctions
AEC Urges Trump Administration Against Aluminium Import Quotas
American aluminium trade group The Aluminum Extruders Council (AEC) announced yesterday that it has fallen in line with the Aluminum Association’s position against the administration of United States President Donald Trump’s push to impose quotas on imported primary aluminium. According to a...
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...
En+ Group begins leadership reshuffle
Following the US Treasury’s sanctions imposed on April 6th 2018 on aluminium tycoon Oleg Deripaska and his companies, En+ Group...
Events
Sanctions on Rusal May Pose Serious Problems for American Plants in Russia
Fallout continues from the United States government’s sanctions upon U.C. Rusal, as American firms Ball Corporation and Arconic Inc. may be forced to sell their Russian assets should a workaround not be found. The two American companies, who control one quarter of Russia’s aluminium usage, operate four plants between them in the country, and the […]
UC Rusal Sanctions: Dangerous Games on Aluminium Markets
In early April, right as LME aluminium prices slipped below US$ 2000/tonne and heralded further falls, the U.S. Treasury Department announced fresh sanctions against Russia. The U.S. imposed sanctions against 24 Russian businessmen, striking at allies of President Vladimir Putin in a quite unexpected and aggressive move to punish Moscow for its alleged meddling in […]
Norsk Hydro Weighing Force Majeure Declaration on Rusal Contracts
With the ink scarcely dry on a similar announcement by Rio Tinto Group, Norsk Hydro A.S.A. revealed on Friday that it may be forced to declare force majeure on certain contracts it has with U.C. Rusal. Hydro told investors that the sanctions levied upon Rusal by the United States government may prevent it from fulfilling […]
Jamaica Next to Feel Repercussions of U.S. Sanctions on Rusal
Ripples from the United States government’s sanctions on Rusal continue to radiate out from Moscow, reaching businesses across Europe and in North America, among other locales. Though the issue has yet to reach global headlines, Jamaica’s West Indies Alumina Company (Windalco) may well be the next domino to fall in the Rusal sanctions saga. Employing […]
Sanctions Against Rusal Lead to Cessation of Bauxite Shipments from Guyana
The unintended consequences of United States sanctions upon Russian business interests continue, as German shipping group Oldendorff Carriers GmbH & Co. KG. cites U.S. Treasury Department sanctions levied against U.C. Rusal as the reason it has been forced to suspend its business with Guyana. In a statement sent to Reuters, Oldendorff said it plans to […]
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 and industry experts from all over the world to hear and exchange information on latest developments related to base metals and their ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
International Aluminium 2019 Conference – Key Takeaways
The FastmaketsMB aluminium conference is the sequel to the Metal Bulletin aluminium conferences, which have traditionally been one of oldest ...
