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)
Russian aluminum giant UC RUSAL expects global aluminum demand to rise by 3.7% YoY, to 68 million tons in 2019, as the market recovers from the trade wars and after supply crises of July-December 2018, the company said. In 2018, global demand for aluminum grew by 3.6%, to 65.6 million tons, and demand in China…
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)
Russian aluminum giant UC RUSAL has focused on restoring temporarily lost ties with clients after the abolishment of the U.S. sanctions in late January, CEO Yevgeny Nikitin told Bloomberg on March 4. The company is currently in talks over contracts for 2020, he said. RUSAL has already resumed partnership with a number of clients, but…
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…
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…
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…
The U.S. Department of the Treasury insists on lifting sanctions from Russian aluminum giant UC RUSAL, multi-industry holding En+ Group, and EuroSibEnergo, Secretary Steven Mnuchin said following his meeting with U.S. Congress democrats “RUSAL, En+ Group and EuroSibEnergo have committed to provide Treasury with an unprecedented level of transparency into their dealings to ensure that…