European Trade Group Pushes Back Against Calls For Banning Russian Aluminium In LME Warehouses

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 came out in opposition to calls to ban it from the platform. On Friday, the Federation of Aluminium Consumers in Europe (FACE)...


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 […]

Aluminium Magnate Oleg Deripaska Critical Of Russia’s Outdated Financial System

Russian oligarch and aluminium titan Oleg Deripaska went on record earlier this week criticizing his country’s outdated financial system, noting that Russia’s financial sector is going backwards while the rest of the world leaves them behind. Although criticism of Moscow by Russians can be dangerous, it appears that the founder and stakeholder in UC Rusal […]

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, ending a chapter in a legal fight with a former business associate. The London High Court ruled on Wednesday that former Russian finance minister Vladimir Chernukhin failed to prove his case against Deripaska. The case […]

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 other assets owned by Russian nationals later this year. In an interview with Forbes, SPFU head Rustem Umerov said that the plant, which was once owned by former Rusal president Oleg Deripaska, will not be […]