Russia

Glencore Declining To Renew US$16 Billion Contract With Rusal

Glencore Declining To Renew US$16 Billion Contract With Rusal

In a move that stunned the aluminium world, Glencore plc announced that it is not renewing its US$16 billion contract with Russian aluminium titan UC Rusal. In an interview with Bloomberg, Glencore’s CEO Gary Nagle said it will complete the contract it...

Events

Russia Warns That Transitioning To Renewables Too Quickly May Spike Aluminium Prices

The Russian Federation is amenable to switching its power sources to renewables, but any such transition will be gradual so as not to spike power prices and, by extension, the industries that rely upon them heavily, including aluminium smelting. Such was the message conveyed by the country’s Deputy Energy Minister Pavel Snikkars earlier this week. […]

Aluminum Association Praises Commerce Department’s Finding Of Dumping Of Certain Aluminium Foils From Five Countries

Aluminium sector trade group Aluminum Association lauded the United States Department of Commerce for its final determination that importers from Russia and four other countries have been dumping certain aluminium foils on the American market. On Friday the Commerce Department found that aluminium foil exporters from Armenia, Brazil, Oman, Russia, and Turkey have been flooding […]

Moscow In Talks With Aluminium Firms On New Mineral Extraction Tax

Several sources with knowledge of the situation told Reuters this week that talks between the Russian government and producers of aluminium and other metals and fertilizers have yet to yield a consensus on how best to implement Moscow’s new tax structure on the commodities. Half a dozen separate sources told the wire service said that […]

Aluminum Association Lauds USITC Decision On Dumping Of Aluminium Foil From Five Countries

The Aluminum Association applauded a move by the U.S. International Trade Commission (USITC) last week to unanimously determine that some aluminium foil imports from Armenia, Brazil, Oman, Russia, and Turkey are injurious to American producers of the same. The USITC’s decision opens the door for the Department of Commerce to continue with antidumping and countervailing […]

Aluminum Association Files Complaints Over Foil From Five Countries But Allegedly Originating From China

The Aluminum Association’s Foil Trade Enforcement Working Group filed a formal complaint with the Trump Administration on Tuesday over imports from five different countries that they say are simply an attempted end run around antidumping and countervailing duty measures taken over two years ago against aluminium foil producers in the People’s Republic of China. According […]