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...
Rusal
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)...
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,...
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,...
Events
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Aluminium Magnate Oleg Deripaska Critical Of Russia’s Outdated Financial System
Russian oligarch and aluminium titan Oleg Deripaska went on record earlier this week criticizing his country’s outdated financial system, noting that Russia’s financial sector is going backwards while the rest of the world leaves them behind.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 […]
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 ...
