Rusal

Japan’s Aluminium Import Premiums Weakest In Two Years, But Spring Rebound Expected

Japan’s Aluminium Import Premiums Weakest In Two Years, But Spring Rebound Expected

A glut in supply has driven premiums for aluminium shipment to Japan in the current quarter to two-year lows. So said sources who spoke to Reuters earlier this week. Per the sources, the lion’s share of deals were conducted at US$85 per...

Events

Source: Kremlin Prepares RUB10 Billion Purchase Of Aluminium From Rusal

In a bid to lend support to the sanctioned Russian Federation aluminium giant U.C. Rusal, the Russian government has plans in place to purchase up to 50 thousand metric tons of aluminium from the struggling firm. Per an unidentified source who spoke with Reuters, the Kremlin issued a decree on Monday setting aside RUB10 billion […]

U.S. Government Extends Rusal Sanction Reprieve To Early January

The Trump administration announced on Friday another month-long extension of a reprieve from sanctions for En+ Group, Rusal, and GAZ, noting the progress founder Oleg Deripaska is making toward divesting his interests in the firms. Per a press release from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the trio of […]

Despite U.S. Sanctions, Rusal Records 55% Rise In Profits In Third Quarter

Russian Federation aluminium behemoth U.C. Rusal released results for the third quarter yesterday. Though still laboring under sanctions imposed on it by the Trump administration, Rusal posted a 55-percent jump in net profits in the just-ended quarter. In the third quarter Rusal smelted 940 thousand metric tons of primary aluminium, up by 1 percent on […]

Yielding To U.S. Pressure, Oleg Deripaska Steps Down From En+ Group

Following through on promises made this summer to United States government regulators, U.C. Rusal’s parent company En+ Group announced on Friday that founder Oleg Deripaska has passed the company’s reins to a successor. In a brief press release issued on Friday, the company said that the move was made as part of a larger initiative, […]

Aughinish Alumina Warns Of Imminent Difficulties Due To OFAC Sanctions On Rusal

Top brass at Ireland’s Aughinish Alumina refinery warned last week that sanctions placed upon its parent company by the Trump administration are threatening the plant’s continued operations. Executives from Limerick Alumina Refining Ltd (LARL) noted in corporate filings that it has been on tenterhooks since April, when the U.S. Department of the Treasury’s Office of […]