Domestic enterprises of the aluminum-consuming industries are prepared to increase the volumes of purchases. “For example, the representatives of the cable industry say they can process up to 500 thousand tons of aluminum, up from the current levels of 200-300 thousand tons”, the Aluminum Association chairman Valentin Trischenko said. The small business also has ways…
In April spot trades of imported aluminum in Japan grew on the background of American sanctions against Rusal. Prior to sanctions Japan has been importing some 30 thousand tons of aluminum billets per month. In April spot purchases on CIF totaled 15.5 thousand tons as opposed to 4750 tons in March. Out of this volume…
Russia’s aluminum deliveries to Japan have been halted over US sanctions, Rusal Japan Director Kunihiko Higashi reported on April 19. “Further aluminum deliveries have been cancelled,” he said. “Our buyers have said they cannot make payments to Rusal, which is related to the recent US sanctions. Such notices were coming to us one after another.…
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)
Swiss commodity trader Glencore, one of the biggest buyers of aluminum produced by troubled Russian aluminum giant UC RUSAL, has declared force majeure on 50,000 tons of aluminum contracts, Bloomberg reported citing people familiar with the matter. “The declaration applies to about 50,000 metric tons of contracts between Glencore and aluminum consumers that specify the…
The board of directors of Russian hydropower giant RusHydro have approved the company’s $319.5 million participation in the long-running construction of the Taishet smelter of aluminum giant UC Rusal, RusHydro said in a statement on April 5. “The cost of RusHydro’s participation in the project stands at no more than $319.5 million (RusHydro’s stake in…
In January Russia increased aluminum billets exports by 50.8% YoY, to 301.6 thousand tons. According to the customs statistics, the revenue grew by 98.6%, to $602 million. This is the record for the past several years. The average price of aluminum in January was $2000 per ton FOB Russian border, up by 3.6% MoM and…
In 2017 consumption of aluminum in Russia increased by 11% YoY, and the trend is expected to continue in 2018 as well. In 2015 consumption fell by 9%, while in 2016 grew by 4%. This year it is expected to grow by 9%, in 2019 – by 13% and in 2020 – by 11%. In…