Russian Federation

Arconic Completes Sale Of Russian Aluminium Assets To Russian Titanium Giant

Arconic Completes Sale Of Russian Aluminium Assets To Russian Titanium Giant

Pittsburgh aluminium value-added firm Arconic announced the completion of the sale of the entirety of its Russian operations to Promishlennie Investitsii LLC for US$230 million. Arconic notes that the closing occurred upon the receipt of all necessary approvals, at which point Promishlennie...

Events

Russia’s Metal Sector Must Change To Adapt To “Illegal” Sanctions: Putin

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 […]

Rio Tinto To Sever Ties To Russian Businesses Due To Ukraine Invasion

Anglo-Australian mining giant Rio Tinto Group said this week it will sever all ties to businesses from the Russian Federation in light of that country’s invasion of Ukraine last month, joining a wide array of major firms that have announced their exodus from the country. Rio Tinto does not currently have any operations in either […]

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. […]