Ripple From Trump Aluminium Tariffs and Rusal Sanctions Continue To Rock Boats Around The Globe
Although a great deal of ink has been slung over the trials and travails of Russia’s U.C. Rusal in recent...
UC Rusal sanctions
Ripple From Trump Aluminium Tariffs and Rusal Sanctions Continue To Rock Boats Around The Globe
Although a great deal of ink has been slung over the trials and travails of Russia’s U.C. Rusal in recent months, what has been largely overlooked is the pain and suffering experienced by a myriad of other firms around the world due...
U.S. Government May Lift Sanctions On Rusal – Mnuchin
A light at the end of the sanctions tunnel appeared late last week for embattled Russian Federation aluminium smelter U.C....
Trump Aluminium Trade Hurdles Could Have Serious Ramifications for Jamaican Alumina, Foreign Minister Warns
Jamaica’s Minister of Foreign Affairs and Foreign Trade Kamina Johnson Smith cautioned citizens of the island nation that its thriving...
Events
Guyanese Government Promises Protection for Workers Laid Off Due to U.S. Sanctions on Rusal
The fallout continues due to the United States Treasury Department’s decision to sanction Oleg Deripaska and Rusal, as 200 workers soon to be separated from their jobs at a Rusal contractor have turned to the Guyanese government for assurances regarding the severance benefits they are owed. The workers in question are soon to be laid […]
U.S. Treasury Deadline for Rusal Divestment Extended to August 5 as Deripaska Departure Deal Progresses
Though viewed by some as a relaxation of sanctions for Oleg Deripaska’s companies, experts say a two-month extension granted by the United States Treasury Department to shareholders of En+ Group, GAZ Group, and Rusal is simply a move to protect all parties involved from significant financial losses as well as granting more time for the […]
Russian Government Searching for Ways to Help Embattled Aluminium Industry: Deputy PM Kozak
The Russian Federation government is in the process of finding new and effective ways of boosting its country’s native aluminium industry. So said one of the state’s top officials in the course of comments made to the press last weekend. Russian Deputy Prime Minister Dmitry Kozak told reporters at the St. Petersburg International Economic Forum […]
Russian Automaker AvtoVAZ Searching for Long-Term Replacement for Aluminium from Sanction-Laden Rusal
Russian Federation automotive manufacturer AvtoVAZ said late last week that, though it is remaining a customer with sanction-crippled Rusal, it is hunting for a more stable source for aluminium in the long term should sanctions remain. Nicolas Maure, who is stepping down as president of the automaker, told Reuters yesterday that his firm would like […]
Bowing to U.S. Sanctions, Deripaska Relinquishes Rusal’s Reins
In a move aimed at encouraging the Trump administration to ease sanctions on the firm, Russian businessman Oleg Deripaska has stepped down from his position at the helm of U.C. Rusal. The Russian aluminium giant submitted notice of the same to the Hong Kong Exchange yesterday, noting that Deripaska’s resignation took effect the same day. […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
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 ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
