Novelis Refuses to Sign New Aluminium Purchase Contracts with Rusal
Novelis’s top brass said it would continue to honor its contracts in place with Russian aluminium giant UC Rusal, but...
Rusal
Glencore Limited Purchases from Rusal, Records Show
Commodities conglomerate Glencore purchased only a fraction of the 6.9 million metric tons of aluminium available under its contract with Russian giant Rusal from 2020-2022, regulatory records reveal. The deal, poised for a possible extension to 2025, has recently come under the...
Rusal’s Aluminium Sales in Asia and Europe Remain Strong in Year’s Opening Half
Russian aluminium major UC Rusal released results for the first half of the year this week. Although the continuing Russian...
European Trade Group Pushes Back Against Calls For Banning Russian Aluminium In LME Warehouses
The war of words over Russian aluminium at London Metal Exchange warehouses continued on Friday, as another trade industry group...
Events
Rusal Considering Restarting Nigerian Aluminium Smelter
Embattled Russian aluminium producer UC Rusal is weighing restarting an aluminium smelter in Nigeria that has been idle for a decade. Last week Nigeria’s vice president Kashim Shettima discussed the possibility with Rusal brass at the Russia-Africa meeting in St. Petersburg. The Nigerian government is already working on restoring production at the Alscon aluminium smelter. […]
Norsk Hydro And Rusal In War Of Words Over Russian Aluminium In LME Warehouses
Norsk Hydro ASA appealed to the London Metal Exchange last week to reverse its decision not to ban Russian-source aluminium, and Rusal responded by accusing Hydro of seeking to punish Russian aluminium producers for its own benefit. Reuters reported on the letter to the LME last week, and the LME responded by saying that it […]
Internal Document Says European Aluminium Seeks Sanctions Against Russian Aluminium But Not Against Rusal
Trade group European Aluminium is mulling a push for European Union sanctions on imported Russian aluminium without targeting UC Rusal, the country’s preeminent smelter of the metal. According to Reuters, the document dated from this month discussed the potential of European Aluminium “actively calling for EU sanctions on Russian aluminium.” However, the organization noted that […]
Rusal Plans 4.8 MTPA Of New Alumina Refining Capacity For Leningrad
Russian aluminium giant UC Rusal announced plans this week for a new alumina refining plant in Leningrad. Rusal will invest ₽400 billion in the project, which involves the construction of four technological lines at the site as well as improved infrastructure on the Baltic port of Ust-Luga. The first phase will include installing 2.4 million […]
Rusal Approves Of 2035 Sustainable Development Strategy
Russian aluminium giant UC Rusal approved its Sustainable Development Strategy for 2035 this week. Rusal said the strategy will make sustainable aluminium production more budget friendly by developing a new type of non-ferrous assets. These new assets will leverage solutions that are adaptive, fair, secure, and inclusive that will ultimately lead to carbon neutrality by […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
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 ...
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 ...
