Russia: RUSAL reregistering business in Kaliningrad

Russian aluminum producer RUSAL is reregistering the business in a special administrative zone in Kaliningrad, Yelena Bezdenezhnykh, vice-president for regional policies and government relations, said at the St. Petersburg International Legal Forum. “RUSAL is relocating to Kaliningrad, as you know, there is reregistration,” Bezdenezhnykh said. “In this case this is one of the good examples…

Russia: Rusal profit down in Q1 2019

In January-March, Rusal received $2.17 billion of revenue as opposed to $2.74 billion in Q1 2018.

The decrease is due to the drop of aluminum prices by 13.9%, to $1859 per ton.

EBITDA fell by 60.5%, to $226 million.

Net profit decreased by 49.8%, to $273 million. (Ukrainian metal)

Russia: Rusal output down in Q1 2019

In January-March, Rusal decreased aluminum manufacture by 0.3% YoY, to 928 thousand tons. Siberian plants accounted for 93% of the aluminum manufactured. Sales totaled 989.6 thousand tons, with high-added value products sales down by 22.2%, to 259 thousand tons. Average price decreased by 7.8% QoQ, to $1949 per ton. Aluminum foil and packaging production dropped…

Russia: SUBR bauxite output down in Q1 2019

In January-March, Severouralsk Bauxite Mine, a part of Rusal, decreased output by 15.3% QoQ, to 529 thousand tons of bauxites. In Q4 2018 the output was 625 thousand tons, and in Q1 2018 – 555 thousand tons. Another Rusal asset – Uralskaya Folga – increased manufacture by 31% QoQ, to 5.5 thousand tons of aluminum…

Russia: RUSAL and Braidy Industries to construct a greenfield aluminum rolling mill in Kentucky

RUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminum products for the US automotive industry. The design capacity…

Russia: Rusal given BB- Stable rating by Fitch

The international ratings agency Fitch Ratings has granted Rusal the long-term rating of BB- with the stable outlook. Rusal has been operating successfully even under US sanctions. Moreover their impact was limited and their implementation had been several times postponed, thus the company did not feel the overall impact of the sanctions, Fitch said. (Ukrainian…

Russia: Rusal to invest $200 million in Tayshet construction

In 2019 Rusal intends to use $200 million of investments under the project to construct the Tayshet Aluminum Plant.

“We will continue construction. Tayshet is still our strategic project”, the company CEO Evgeniy Nikitin said.

Last year Rusal was building Tayshet with its own funds.

The new commission time is now Q4 2020. (Ukrainian metal)

Russia: Rusal expecting domestic aluminum consumption to grow

According to Rusal, in 2018 Russian aluminum consumption increased to 1 million tons.

The company intends to help the Russian market develop.

The government has developed a program to increase processing capacities.

According to the program, aluminum consumption on the domestic market will grow to 2.8 million tons by 2023. (Ukrainian metal)

Russia: Rusal replaces board of directors

Rusal has replaced the members of its board of directors, On February 14, the executive director Sergey Popov resigned, having been elected to a governmental office. Yevgeniy Kuryanov has been appointed in his stead. From February 14, Maxim Poletayev, Randolf Reinolds, Kevin Parker, Nicolas Jordan and Christopher Burnam were appointed to the board of directors…

Russia: Rusal output up in 2018

In 2018 Rusal produced 3.753 million tons of aluminum, up by 1.3% YoY. At the same time, sales dropped by 7.2%, to 3.671 million tons. In Q4 2018 the output grew by 0.4% QoQ, to 0.943 million tons, while sales decreased by 16.2%, to 0.877 million tons. In 2018 the average price was $2259 per…

Russia: RUSAL and the Ministry of Health announce completion of the vaccination against Ebola

UC RUSAL together with the Ministry of Health of the Russian Federation, announced the completion of the vaccination against the Ebola virus in the Republic of Guinea. Two thousand people have received the GamEvac-Combi vaccines during the testing program conducted in Guinea at the Scientific Diagnostic Center for Epidemiology and Microbiology (SDCEM). The center was…