April 8, 2012

Russian billionaires clash over $47 billion aluminum supply deal

Sual Partners Group, owned by Russian billionaire Viktor Vekselberg, is suing Rusal, the world's top aluminum producer and commodities giant Glencore over an aluminum supply deal worth some $47 billion.

April 5, 2012

Alcoa to curtail refining capacity

Alcoa (NYSE: AA) announced today that the Company will reduce its annual alumina production capacity by approximately 390,000 metric tons to align production with smelter curtailments Alcoa announced earlier this…

April 5, 2012

Oversupply forces Alcoa to cut 390,000 tonnes of annual alumina production

Due to an oversupply in the Atlantic region, the world's third-largest producer of aluminum, Alcoa, announced that it was cutting 390,000 tonnes of production of alumina.

April 1, 2012

Aluminum demand continues to lead base metals pack in 2012 13

Aluminum should continue to outpace other base metals in 2012-13, despite softer demand for the past two quarters, said BNP Paribas, a Paris based global banking group.

March 26, 2012

Deripaska ready to buy RUSAL’s stake in Norilsk – source

A source close to the matter says billionaire Oleg Deripaska is prepared to buy RUSAL's 25% blocking stake in Norilsk Nickel to resolve the shareholder row at the company.

March 25, 2012

Ukraine Court Rules Against Rusal in Zalk Aluminum Plant Dispute

Ukraine's government won a court hearing as it seeks to regain control over the Zaporizhskyi aluminum smelter from Russian billionaire Oleg Deripaska's United Co. Rusal. The Kiev Commercial Court ruled…

March 22, 2012

Australian explorer hunts for copper in Andes

The Herald Sun has an interesting feature piece on Chinalco Yunnan Copper Resources, an Australian company with Chinese backing that is partnering with Rio Tinto on three early-stage exploration projects…

March 21, 2012

Talks under way to end lockout at Rio Quebec smelter

Talks are under way to end a three-month lockout of workers at Rio Tinto Alcan's giant Alma aluminum smelter in northern Quebec as the two sides have been summoned to…

March 20, 2012

World’s largest aluminum producer takes $1.4 billion writedown

HONG KONG/MOSCOW – RUSAL, the world’s top aluminium maker, took a $1.4 US billion hit in its 2011 financials on Monday on […]

March 18, 2012

RUSAL threatens to sue in chairman row

RUSAL, the world's No.1 aluminium producer, said comments by former chairman Viktor Vekselberg had damaged its reputation and shareholder value, and threatened unspecified legal action.