Rusal, one of the world’s largest aluminium producers, has announced a plan to optimize its aluminium production capacity in response to record alumina prices and the challenging macroeconomic environment. The initial stage of this capacity optimization program will involve reducing aluminium production by 250,000 tonnes. Currently, Rusal relies on purchasing more than a third of...
READ MORERusal, one of the world’s largest aluminium producers, has made a significant breakthrough by successfully starting up an electrolyser using inert anodes. This marks the first time in aluminium production history that the process has been initiated without relying on conventional coal anodes, resulting in pure oxygen being released instead of greenhouse gases. The development...
READ MORERusal Trading House expects to begin test trading of aluminum on the St. Petersburg International Mercantile Exchange (SPIMEX) by the end of this year, according to General Director Igor Ignashov. Speaking on October 31, Ignashov emphasized that the sale of aluminum on SPIMEX will serve as an important experiment for the market, offering insights into...
READ MOREThe board of Russian aluminum major Rusal is considering a share buyback of RUB 15 billion ($155 million), representing approximately 2.8% of its share capital. The company argues that the buyback could be beneficial for shareholders. However, coal major Sual Partners, controlled by sanctioned Russian oligarch Viktor Vekselberg, intends to block the share buyback. Sual...
READ MORERusal’s aluminium exports fell by 4% year-on-year to 2.19 million tonnes in the first nine months of 2024, according to company data reviewed by Interfax. During the same period, the total volume of aluminium transported by Rusal, including domestic shipments, decreased by 1% to 2.69 million tonnes, based on information from Russian Railways. Notably, aluminium...
READ MORERussian aluminium giant Rusal is considering a share buyback valued at approximately 15 billion rubles ($156 million), following a review by the company’s board of directors. The board has begun a preliminary assessment of the potential buyback, noting that it could be favorable for shareholders overall. However, no final decision has been made, and the...
READ MORERusal plans to start construction of the second stage of the Boguchansk aluminium smelter in 2025, according to Renaissance Capital. This expansion will double the smelter’s production capacity to 596,000 tonnes per year, with the start-up complexes being commissioned in stages until 2030. The total investment in the project will be updated by the end...
READ MORERusal, the world’s largest aluminum producer outside of China, anticipates that the global aluminum market could edge closer to balance by 2025. The company expects demand to rise, aided by lower borrowing costs and China’s economic stimulus measures, helping to reduce the current supply surplus. Russia’s Rusal, which accounts for 5.5% of global aluminum production,...
READ MORERusal shareholders have voted in favor of not distributing dividends based on the financial results of the first half of 2024, according to a company statement. A total of 62.75% of shareholders who participated in the meeting supported the decision to withhold dividend payments for this period. This follows a trend from earlier votes, where...
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