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...
United States Treasury Department
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...
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...
U.S. Sanctions Not Meant to Slay Rusal: Treasury Secretary Mnuchin
Though the United States government says it isn’t trying to snuff the life from Russian aluminium giant U.C. Rusal, Treasury...
Events
Deripaska Agrees to Leave Leadership of Sanction-Hobbled Rusal
In an effort at mollifying the powers that be in Washington, D.C., Oleg Deripaska has agreed to a significantly reduced role in the embattled Russian aluminium giant U.C. Rusal. According to a release published late last week by Rusal’s parent En+ Group, Deripaska will sell off sufficient shares to winnow down his ownership percentage from […]
Sanctions on Rusal May Pose Serious Problems for American Plants in Russia
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 […]
Norsk Hydro Weighing Force Majeure Declaration on Rusal Contracts
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 […]
Sanctions Against Rusal Lead to Cessation of Bauxite Shipments from Guyana
The unintended consequences of United States sanctions upon Russian business interests continue, as German shipping group Oldendorff Carriers GmbH & Co. KG. cites U.S. Treasury Department sanctions levied against U.C. Rusal as the reason it has been forced to suspend its business with Guyana. In a statement sent to Reuters, Oldendorff said it plans to […]
U.S. Sanctions on Rusal Forcing Kazakhstan Alumina Refiners to Seek New Buyers
With the sanctions placed upon U.C. Rusal by the United States government looming large over the global alumina industry, Kazakhstan’s alumina refiners have begun searching for new outlets for the country’s domestic alumina production. According to comments made on Thursday by Kazakh government officials, Eurasian Resources Group (ERG), which is a public-private partnership that refines […]
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 and industry experts from all over the world to hear and exchange information on latest developments related to base metals and their ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
International Aluminium 2019 Conference – Key Takeaways
The FastmaketsMB aluminium conference is the sequel to the Metal Bulletin aluminium conferences, which have traditionally been one of oldest ...
