Russia makes a move to support sanctioned aluminium producer Rusal.
Rusal Mining News
U.S. authorities had given Russian tycoon Oleg Deripaska until Dec. 12 to reduce his holdings in the three companies but said in a statement that the deadline had been moved to Jan. 7, 2019.
Japan's top aluminium rolling company is removing Rusal from its suppliers list for next year due to uncertainty over U.S. sanctions.
Figure is fivefold increase from August, up 3,400% y/y
The indirect consequences of the closure are difficult to assess as Rusal is the only aluminium smelter in Sweden.
No one will be taking alumina for granted any more.
Global demand for aluminium expected to increase in 2019.
The U.S. Treasury in April imposed sanctions against billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including aluminum exporter Rusal, in response to what it termed "malign activities" by Russia.
The United States has thrown Russian aluminium company Rusal a lifeline by loosening sanctions imposed on the company in April.
Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.
MOSCOW, Sept 6 (Reuters) – Russian aluminium producer Rusa , under U.S. sanctions since April, increased its aluminium exports by 7 percent in August compared to the previous month, Interfax news agency said. Rusal, the […]
Russia has a plan to support world No.2 aluminium producer Rusal against U.S. sanctions put in place in April.
It's probably not what U.S. President Donald Trump had in mind when imposing tariffs on aluminium imports, but it looks likely that some of the big winners from the 10% import tax will be China's producers.
Under the terms of the sanctions, imposed in April in response to Moscow's alleged meddling in the 2016 U.S. election, U.S. customers must wind down business with Rusal by Oct. 23.
Russia's Rusal is the world's largest aluminium producer outside China.
Alumina is having a turbulent year.
Guinea is in constant talks with Rio Tinto and Chinalco to finalise a deal on the Simandou iron ore project, its mining minister said on Tuesday, adding he was confident an agreement would be reached. […]
Rusal commissions bauxite mine at Dian Dian.
The London Metal Exchange (LME) is working to see if it can expand access to Rusal’s aluminum, which is under suspension due to U.S. sanctions.
Rusal is Avtovaz's top aluminium supplier.
Deripaska is now actively preparing the next step: reducing his stake in En+, the group which controls Rusal.
Washington said the sanctions were designed to punish Moscow for its alleged meddling in the 2016 U.S. election.
Nickel prices to ease off after reaching a three-year high in April.
Greg Barker welcomed a decision by the U.S. Treasury on Tuesday to give investors an extra month to divest or transfer their holdings in En+ Group and other sanctions targets.
Two sources told Reuters earlier on Friday that Rusal would soon appoint a fully independent board.