Rusal’s Aluminium Sales in Asia and Europe Remain Strong in Year’s Opening Half
Russian aluminium major UC Rusal released results for the first half of the year this week. Although the continuing Russian...
Novelis’s top brass said it would continue to honor its contracts in place with Russian aluminium giant UC Rusal, but the company would enter into no new deals once those contracts expire. Novelis’s CEO Steve Fisher spoke to Reuters this week on...
Russian aluminium major UC Rusal released results for the first half of the year this week. Although the continuing Russian...
The war of words over Russian aluminium at London Metal Exchange warehouses continued on Friday, as another trade industry group...
Embattled Russian aluminium producer UC Rusal is weighing restarting an aluminium smelter in Nigeria that has been idle for a...
Norsk Hydro ASA appealed to the London Metal Exchange last week to reverse its decision not to ban Russian-source aluminium, and Rusal responded by accusing Hydro of seeking to punish Russian aluminium producers for its own benefit. Reuters reported on the letter to the LME last week, and the LME responded by saying that it […]
Trade group European Aluminium is mulling a push for European Union sanctions on imported Russian aluminium without targeting UC Rusal, the country’s preeminent smelter of the metal. According to Reuters, the document dated from this month discussed the potential of European Aluminium “actively calling for EU sanctions on Russian aluminium.” However, the organization noted that […]
Russian aluminium giant UC Rusal announced plans this week for a new alumina refining plant in Leningrad. Rusal will invest ₽400 billion in the project, which involves the construction of four technological lines at the site as well as improved infrastructure on the Baltic port of Ust-Luga. The first phase will include installing 2.4 million […]
Russian aluminium giant UC Rusal approved its Sustainable Development Strategy for 2035 this week. Rusal said the strategy will make sustainable aluminium production more budget friendly by developing a new type of non-ferrous assets. These new assets will leverage solutions that are adaptive, fair, secure, and inclusive that will ultimately lead to carbon neutrality by […]
Russian oligarch and aluminium titan Oleg Deripaska went on record earlier this week criticizing his country’s outdated financial system, noting that Russia’s financial sector is going backwards while the rest of the world leaves them behind. Although criticism of Moscow by Russians can be dangerous, it appears that the founder and stakeholder in UC Rusal […]
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 ...