Russia: Sberbank selling Aluminum Works

The Siberian bank of Sberbank has put on sale at Avito.ru the Aluminum Castings Works in Barnaul, Altai region. The bank is selling 4 manufacturing premises, roads and railroads. Three shops are leased. There is also electricity enough for a large industrial enterprise, gas, water and heating. The size of the works is 40.657 thousand…

Russia: Trade Ministry to create aluminum cartel

Russia suggests creating an OPEK-like international organization in the aluminum industry. “This is just a suggestion. But we would like this organization to function with direct government participation and state representatives. For the first stage even an association will be enough. The main thing is that all the countries, which are major manufacturers and exporters…

Russia: aluminum output up in January 2017

In January primary aluminum output decreased by 2.3% YoY, that of aluminum alloys – went up by 8.9%. According to the Federal Service of State Statistics, aluminum powder and flakes production increased by 20.2%, that of rolled wire, rods and sections – by 25.1%, plates, sheets, strips and bars – by 33.4%, and foil –…