Aluminium Magnate Oleg Deripaska Critical Of Russia’s Outdated Financial System
Russian oligarch and aluminium titan Oleg Deripaska went on record earlier this week criticizing his country’s outdated financial system, noting...
Rusal
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...
Deripaska Acquitted Of Contempt Charges By London Court
Controversial Russian aluminium magnate Oleg Deripaska was acquitted of a contempt of court charge in a British court last week,...
Ukraine Government Plans Privatization Of Alumina Plant Confiscated From Rusal
The State Property Fund of Ukraine (SPFU) announced plans earlier this week to privatize the Mykolayiv Alumina Plant and several...
Events
Rusal Anticipates Second Filing Against Vladimir Potanin Over Nornickel Dividends Accord
Two of Russia’s premier metal firms are squaring up for another fight as Rusal says it is preparing another lawsuit against Nornickel’s CEO Vladimir Potanin. In a court order reported on by Reuters, the Russian aluminium giant wishes to “bring certain further claims” not covered in a prior lawsuit against Potanin and connected firm Whiteleave […]
Glencore Declining To Renew US$16 Billion Contract With Rusal
In a move that stunned the aluminium world, Glencore plc announced that it is not renewing its US$16 billion contract with Russian aluminium titan UC Rusal. In an interview with Bloomberg, Glencore’s CEO Gary Nagle said it will complete the contract it has with Rusal, but, under its new policy of shunning business from Russia, […]
Rusal Begins Production Of Aluminium Hydrate Catalysts At Achinsk Refinery
Russian aluminium titan UC Rusal said this week that it has developed and launched the production of raw materials for aluminium hydrate catalysts at its Achinsk Alumina Refinery (RUSAL Achinsk). The firm has also begun production of VOGA fire retardants at that location. The catalysts under production are used in the petrochemical industry and in […]
Glencore Rival Trafigura In Talks To Buy Rusal Aluminium
Singapore-based Swiss multinational commodities trader Trafigura Group Pte. Ltd. is discussing the purchase of about 150 thousand metric tons of aluminium from Russian aluminium giant UC Rusal, a move that experts see as a thumbing of the nose to rival commodities trader Glencore plc. According to sources claiming knowledge of the situation who spoke to […]
Rusal Debuts New Low-Carbon Product Utilizing Scrap Aluminium
Russian Federation aluminium giant UC Rusal announced this week that it has begun using end-of-life scrap aluminium for the production of foundry alloys for use in the automotive industry. Per the firm, Primary Equivalent Foundry Alloys (PEFA) consist of one-fifth aluminium scrap that is added into molten aluminium during production. Use of scrap aluminium is […]
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 ...
