Russia

Russia Boosts Alumina Imports from India Amid Geopolitical Strains

Russia Boosts Alumina Imports from India Amid Geopolitical Strains

In a bid to minimize its dependency on China and adapt to the aftermath of the Ukraine crisis, Russia has amplified its alumina imports from India. This strategic move not only provides Russia’s Siberian plants with the required feedstock but also curtails...

Events

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 has with Rusal, but, under its new policy of shunning business from Russia, […]

LME Bans Russian Aluminium In US Warehouses

Earlier this week the London Metal Exchange (LME) made the decision to ban Russian aluminium from its warehouses in the United States due to the recently enacted import tariffs. Late last week the Biden Administration announced new import tariffs on Russian aluminium of 200 percent. These tariffs will go into effect on March 10. In […]

LME Stores Of Russian Aluminium Hit 42 Percent In January

The London Metal Exchange this week confirmed that its holdings of Russian aluminium rose as expected in January to a total of 42 percent of the aluminium stock in its warehouses. According to a report just released by the LME, of the 152,841 metric tons of primary aluminium in its warehouses, 93,750 metric tons had […]

Rusal Parent Company Says Report Of Bans On Russian Aluminium “Irresponsible”

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 […]

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. […]