Rusal Crisis Teases Out Alumina Exports of Up To 500k Tonnes from China
Due to sanctions placed by the United States government upon Rusal and the resulting scarcity of it, alumina refiners in...
Due to sanctions placed by the United States government upon Rusal and the resulting scarcity of it, alumina refiners in...
The world’s largest beer brewer told shareholders earlier this week that there is still hope for exemptions and other aids...
American aluminium trade group The Aluminum Extruders Council (AEC) announced yesterday that it has fallen in line with the Aluminum...
Though Norsk Hydro A.S.A. returned higher overall numbers for the first quarter, the mandated capacity cut at Alumina do Norte do Brasil S.A. (Alunorte) meant the firm will likely miss its cost-cutting target for the year. Hydro reported a first-quarter revenue total of NOK39.970 billion, a 74-percent improvement year-on-year. Earnings before financial items and tax […]
The United States government has slightly softened its stance against Russian aluminium smelter U.C. Rusal, announcing on Monday that the sanctions may be lifted if Oleg Deripaska hands the reins to another. Also, in a nod to the fact that the sanctions have led to an unforeseen burden for certain American companies, the Treasury Department […]
Fallout continues from the United States government’s sanctions upon U.C. Rusal, as American firms Ball Corporation and Arconic Inc. may be forced to sell their Russian assets should a workaround not be found. The two American companies, who control one quarter of Russia’s aluminium usage, operate four plants between them in the country, and the […]
In early April, right as LME aluminium prices slipped below US$ 2000/tonne and heralded further falls, the U.S. Treasury Department announced fresh sanctions against Russia. The U.S. imposed sanctions against 24 Russian businessmen, striking at allies of President Vladimir Putin in a quite unexpected and aggressive move to punish Moscow for its alleged meddling in […]
With the ink scarcely dry on a similar announcement by Rio Tinto Group, Norsk Hydro A.S.A. revealed on Friday that it may be forced to declare force majeure on certain contracts it has with U.C. Rusal. Hydro told investors that the sanctions levied upon Rusal by the United States government may prevent it from fulfilling […]
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 ...