UC RUSAL has commissioned a $1.14 million two-stage gas purification unit at Krasnoyarsk Aluminum Smelter to make sodium sulfate used for production of pulp, glass and construction materials, the company said in a statement on August 3. The unit has been tested and made over 50 tons of the product. According to preliminary assessment, RUSAL…
The board of directors of RusHydro may discuss participation in projects of aluminum giant UC RUSAL in August, RusHydro CEO Nikolai Shulginov reported on August 3. “So far no decision has been made. We will submit it to the next meeting of the board in autumn. So far we’ve only held a meeting of the…
In January-June Rusal decreased aluminum output from 1.835 million tons to 1.832 million tons. Aluminum manufacture in Q2 increased by 1.2% QoQ, to 921 thousand tons. In H1 Rusal increased aluminum sales by 3.8% YoY, to 1.987 million tons, with Q2 sales up by 1.7% QoQ, to 1.002 million tons. The average sales price in…
By the end of the year Rusal intends to have finished negotiations with the banks on loans to complete construction of Tayshet Aluminum Works. “We’re negotiating with VEB on a rather advanced stage. But there is no word from Rushydro yet. As soon as they say anything, we will draw financing together”, Rusal strategy, business…
UC RUSAL expects global aluminum deficit to rise to 1.7-1.8 million tons in 2018 from 1.3 million tons in 2017, Director for Strategy, Business Development and Financial Markets Oleg Mukhamedshin reported on July 12. The situation at the aluminum market is improving thanks to China’s policy on cutting emission and closing inefficient capacities. RUSAL also…
Vladislav Solovyov, CEO of UC RUSAL, has suggested Economic Development Minister Maxim Oreshkin study a support program for large industrial power consumers that will stimulate industrial production and boost the gross domestic product (GDP). According to Solovyov’s calculations, industrial consumers pay for excessive power generation, grid capacities, and many types of cross-subsidization with the payments…
Plants of Russian aluminum producer UC RUSAL in the cities of Bratsk, Irkutsk and Krasnoyarsk have had power outages due to setbacks on the Boguchanskaya GES and Berezovskaya GRES power plant units, the Energy Ministry said in a statement on June 27. The details are being clarified, the ministry said. (Prime/Ukrainian metal)
UC RUSAL has offered RusHydro a stake in the future $1.4-1.6 billion Taishet Aluminum Smelter in exchange for some debt of the smelter and a discount for the power the hydropower company will sell to it. Earlier in June, RUSAL CEO Vladislav Solovyov said that the company offered RusHydro a 50% stake in a project…
