Rusal Denies Plans To Ship Aluminium Directly To LME Warehouses In Asia
Russian aluminium giant UC Rusal denied reports last week that it plans to offload its wares into London Metal Exchange...
Rusal
Rusal Shakes Up Sales Team During Aluminium Mating Season
Russian aluminium titan UC Rusal shook up its sales team earlier this week in an effort at maintaining its book of business during a political climate stacked against all things Russian. Rusal appointed Roman Andryushin as its deputy CEO, sales and marketing...
LME Sees No Evidence Of Large Aluminium Shipments From UC Rusal
There is no evidence that Russian Federation aluminium titan UC Rusal has been unloading primary aluminium into London Metal Exchange...
Rusal Mulling Sale Of Primary Aluminium Directly To London Metal Exchange: Sources
According to industry media, Russian Federation aluminium giant UC Rusal is weighing plans to sell primary aluminium directly to the...
Events
Constellium To Continue To Buy Aluminium From Rusal Despite Possible Sanctions
European value-added aluminium firm Constellium NV currently has no plans to stop purchasing primary aluminium from UC Rusal despite the near-global condemnation of Russian products due to the country’s invasion of Ukraine in February. Such was the story conveyed to Reuters late last week by a company executive. The unidentified executive told Reuters that aluminium […]
Novelis Says No To Russian Aluminium In 2023
Atlanta’s rolled aluminium firm Novelis Inc. said this week that it will not be buying metal from aluminium suppliers located in the Russian Federation next year. According to financial media reporting, Novelis’s embargo of Russian aluminium includes UC Rusal, the globe’s third-largest supplier of the metal. Rusal produced 3.8 million metric tons of aluminium last […]
Rusal Implements New Corporate Biodiversity Policy
Russian aluminium titan UC Rusal earlier this week adopted a new corporate biodiversity conservation policy that introduces a risk-based approach and mandatory risk assessments during global operations. The firm said the main principles of the policy are the responsible management of biodiversity and the assessment of the effectiveness of the Company’s efforts in terms of […]
Rusal Places First Ever Yuan Bonds In Russia
Aluminium titan U.C. Rusal this week announced the first ever Yuan bond placement in its home country of Russia. Per the firm, the new bond placement enjoyed significant interest, as demand was more than double the amount of bonds on offer. The bonds had a fixed coupon rate of 3.9 percent per annum and a […]
Nornickel’s Potanin May Scuttle US$60 Billion Merger With Rusal: Sources
A major merger between Russian firms Nornickel and aluminium giant Rusal may find itself hamstrung by the person of Vladimir Potanin according to sources who spoke with wire services said this week. According to Reuters, sources claiming insider knowledge say the US$ 60 billion merger may be scuttled before it starts should Potanin choose to […]
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 ...
