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,...
Russian aluminium major UC Rusal released results for the first half of the year this week. Although the continuing Russian invasion of Ukraine made the half difficult, buyers in Asia and Europe continued to buy primary aluminium from the smelting giant. Revenue...
Norsk Hydro ASA appealed to the London Metal Exchange last week to reverse its decision not to ban Russian-source aluminium,...
Trade group European Aluminium is mulling a push for European Union sanctions on imported Russian aluminium without targeting UC Rusal,...
Earlier this week the London Metal Exchange (LME) made the decision to ban Russian aluminium from its warehouses in the...
Russian aluminium giant UC Rusal has called upon the London Metal Exchange to disclose the origin of the entirety of its aluminium reserves, not just those from Russia. Rusal spoke out in response to the LME’s discussion over identifying Russian aluminium’s origin in its system. Several aluminium producers have called for the complete ban on […]
Norway’s aluminium titan Norsk Hydro ASA called for sanctions on Russian aluminium from the United States and the European Union yesterday, citing the spike in energy costs and the unfair advantage that gives Russian aluminium producers who are not experiencing the same. Roughly half of the aluminium smelting capacity in Europe has been axed in […]
En+ Group took the offensive against media reports suggesting that the United States government is considering sanctions on Russian aluminium and other materials this week, asserting that it has been fully compliant with US import regulations. UC Rusal’s parent company spoke through Chairman Christopher Burnham, who characterized the reports of Russian aluminium restrictions as “irresponsible […]
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 […]
Russia’s aluminium sector could be in for some major changes to combat sanctions against the country, as raw materials and sales of finished product have been hampered due to limits enacted by the global community. Such was the message delivered by Russia’s leader Vladimir Putin on Wednesday. In a televised meeting with various metals industry […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...