In January-March Rusal revenue totaled $2.744 million, up by 19.5% YoY. The revenue grew following the increase of aluminum prices at the LME by 16.7%, to $2.159 thousand per ton from $1.85 thousand per ton. As the result the adjusted EBITDA increased by 20.4%, to $572 million from $475 million. Aluminum output in January-March dropped…
En+ president Maxim Sokolov during the High Court of London process said that Rusal must buy 1.9% of Nornickel under the Roman Abramovich’s Crispian offer to keep balance, even though the price was high. “Unfortunately, when the company is cornered, we are forced to accept this premium. We do not want to buy this stake,…
The revenue of the Russian aluminum giant UC RUSAL rose by 19.5% YoY, to $2.744 billion in January-March, the company said on May 11. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.4%, to $572 million. RUSAL also said that its previous forecasts for its operations were already irrelevant due to the…
Trading floor for electric power Nord Pool has allowed Kubal, a Swedish plant of Russian aluminum company UC RUSAL, to resume trading after suspension in April, Nord Pool said in a statement on May 8. “Nord Pool wishes to inform that Kubikenborg Aluminium AB’s suspension from trading on its markets has been lifted, and that…
In April Rusal works decreased aluminum exports by 70% MoM and by 68% YoY, to 76.7 thousand tons. In March the company experienced an export growth of 13% MoM. Despite the ease of sanctions, none has resumed cooperation with Rusal. But all the major works in Siberia are operating. At the same time the aluminum…
Ireland has considered several scenarios of intervention in operations of a local plant of Russian aluminum maker RUSAL Aughinish Alumina after the U.S. sanctions. Yet all of them have been rejected, Reuters reported, citing a source with knowledge of the situation. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies…
Information from anonymous sources of agencies Reuters and Bloomberg about Russian aluminum giant UC RUSAL is questionable, the company said on its Facebook page on April 27. “In connection with publication of reports about RUSAL by agencies Reuters and Bloomberg based on information received from anonymous sources of questionable quality, RUSAL’s press office states the…
Oleg Deripaska plans to keep control over RUSAL even as the Russian aluminum giant battles for survival in the face of harsh U.S. sanctions, Bloomberg reported on April 26, citing people familiar with the matter. Deripaska was counting on lobbying by European governments to help ease the U.S. sanctions, said the people, who asked not…
