Russia: Novelis to stop buying aluminum from RUSAL

Novelis, the world’s biggest producer of rolled aluminum products, will no longer purchase metal produced by Russian aluminum giant UC RUSAL to comply with U.S. sanctions. The company said that it could reduce its dependence on aluminum purchases from RUSAL. “Accordingly, we are confident that the risk for any material disruption in production will be…

Russia: aluminum exports up in January-February 2018

In January-February Russia exported 639.4 thousand tons of raw aluminum valued at $1261 million, up by 49.2% and by 91% YoY respectively.

In February the average price was $1952 per ton, up by 25% YoY. (Ukrainian metal)

Russia: copper exports up in January-February 2018

In January-February Russia exported 152.6 thousand tons of primary copper valued at $1051 million, up by 23.1% and by 51.6% YoY respectively.

In February the average price was $6932 per ton of primary copper, up by 22.81% YoY.

The price of copper wire rod was $6785 per ton, up by 25.4%. (Ukrainian metal)

Ukraine: Metinvest GOKs to pay 4.86 billion UAH of dividends

Shareholders of three mining and processing works belonging to Metinvest intend to spend the combined amount of 4.86 billion UAH to pay dividends for 2017. The corresponding decisions are included in the agenda of the shareholder meetings scheduled for May 18. In particular, Severniy Mining and Processing Works plans to spend 2.16 billion UAH of…

Latvia: British Steels to purchase all of KVV Liepājas metalurgs assets

In a letter sent to KVV Liepājas metalurgs administrator Vita Dika, Privatization Agency’s subsidiary FeLM board member Jānis Rībens and CItadele Bank on 17 April, the consortium, which includes companies like British Steel, Greybull Capital and Estonian company Baltic Metal Holding, affirmed its interest in purchasing all assets of the insolvent company. According to available…

Russia: metal structures output down in Q1 2018

In January-March Russia produced 1.1 million tons of metal structures, down by 5.1% YoY.

According to the Federal Service of State Statistics, in March the output grew by 8.2% MoM. (Ukrainian metal)