Rusal Sues Rio Tinto For Return Of 20 Percent Share Of Queensland Alumina
Russian Federation aluminium titan UC Rusal is suing Anglo-Australian mining giant Rio Tinto Group to receive back its 20-percent share...
Vladimir Putin
Rusal Mulling Sale Of Primary Aluminium Directly To London Metal Exchange: Sources
According to industry media, Russian Federation aluminium giant UC Rusal is weighing plans to sell primary aluminium directly to the London Metal Exchange, as the firm continues to have difficulties in identifying purchasers. Although Rusal is not directly under sanction itself, the...
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...
Rusal Pushes Back Against Rio Tinto’s Takeover Of Queensland Alumina
Russian aluminium firm UC Rusal fired back at its partner at Queensland Alumina Ltd., Anglo-Australian mining giant Rio Tinto Group...
Events
Rio Tinto Receives Bauxite Shipment From Rusal After Swearing Off Russian Business Ties
Despite assurances last month that it would not do so, an analysis of shipping data indicates that Rio Tinto Group has received a shipment of alumina from Russian firm UC Rusal. Rio Tinto previously swore off conducting business with Russian firms in light of Vladimir Putin’s move to invade Ukraine earlier this year. Founder, shareholder, […]
Glencore Mulling Sale Of Its Share In Rusal’s Parent Company En+ Group
Anglo-Swiss metals miner Glencore plc announced earlier this week that it is conducting a review of all of its business dealings with Russian firms, including the equity stakes it has in Russian aluminium giant UC Rusal’s parent company En+ Group. Glencore currently has a 10.5-percent share in Rusal’s parent company. However, the firm downplayed its […]
Rusal Chairman Warnig Resigns Per Agreement With U.S. Government For Lifting OFAC Designation
Russian Federation aluminium titan U.C. Rusal announced on Wednesday the departure of Matthias Warnig from the company’s board of directors. The now-former chairman’s resignation is part of the corporate restructuring Rusal agreed to in order to have sanctions lifted by the United States government. “I am confident that I can hand over to my successor […]
Sanctions on Rusal Leading to Salary Shortages for Windalco Workers
The sanctions levied against U.C. Rusal by the United States Treasury Department last month are starting to hit home with the rank-and-file workers at the company’s several plants around the world. According to sources who spoke with Bloomberg, Rusal has been unable to pay full compensation to certain workers outside of Russia partially due to […]
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 […]
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 ...
