rusal aluminum production

Together with ELKA-Kabel, it established the, a joint venture to produce cable and conductor products. In order to boost the stability of its business, RUSAL ceased aluminium production at its least efficient smelters in the western part of Russia, cutting aluminium output by 7.6% on an annualised basis, down to 3,857,000 tonnes. Rusal (Rusal) plans to increase aluminum supply to China next year Krasnoyarsk, May 15, 2023 The Board of RUSAL, a leading global aluminium producer, approved the 2035 Sustainable Development Strategy. In record-breaking time, the first aluminium smelter in Siberia the Novokuznetsk Aluminium Smelter (in those days the Stalin Aluminium Smelter) was built and put into operation. Russian aluminium producer Rusal (MCX: RUAL) the world's top manufacturer of the metal outside China, has halted alumina shipments from its 1.75-Mtpa Nikolaev refinery, nearby the port of. Rusal's domestic alumina plants accounted for only 37% of its smelter needs last year. Mukhamedshin expects Rusal to approve the start of construction of the second stage with annual capacity of 540,000 tonnes by 2024 as global demand for aluminium remains strong. Glencore deposits more Russian aluminium on LME system -sources You can manage your preferences by clicking the "Customize" button below. Together with the government of the Krasnoyarsk Territory, it launches the Krasnoyarsk Technological Valley project, aninnovative industrial area. MOSCOW, Aug 12 (Reuters) - Russian aluminium giant Rusal reported a 33% jump in first-half production costs on Friday, hit by a production halt at a refinery in Ukraine and Australia's ban on exports of alumina and bauxite to Russia. Our Standards: The Thomson Reuters Trust Principles. [46], In 2016, UC Rusal signed another joint venture agreement with a Chinese firm, Hebei Joy Sense Cable Co. (HJSC), to produce aluminium cable for electrical applications. RUSAL and the SMS Group (Germany) sign an agreement for industrial production of equipment for a continuous casting, rolling and extruding line (SLiPP) to produce wire rod. The Australian government's ban, expedited to stop a Russian-bound alumina shipment leaving this week, doesn't explicitly name Rusal but it is a de-facto sanction on the company that dominates. Ghana's independent power producers (IPPs) have suspended a threatened shutdown from July 1 after reaching an interim deal with the state-run Electricity Company of Ghana over arrears owed to them, the group said in a statement late on Friday. In November 2007, RUSAL signed a cooperation agreement with Samruk-Energo, a subsidiary of Samruk-Kazyna, on the creation of a 50/50 joint venture to operate the Bogatyr Komir LLP, the largest coal mining company in Kazakhstan. The biggest question mark of all hangs over the Irish refinery, Rusal's largest overseas alumina plant with production last year of 1.9 million tonnes. By the late 1990s, the Group also included the Samara Metallurgical Plant, the largest producer of aluminium rolled products in Europe, and one of the largest alumina suppliers in the post-Soviet space the Nikolaev Alumina Refinery. [43] The company asked creditors to agree to delay payments on part of its US$10bn net debt pile. Rusal registers new overseas assets holding company in Qatar . Those U.S. sanctions were a bolt from the blue. [35], August 2011 saw Rusal reach an agreement with Sberbank to extend the maturity of debts until 2016, thereby cancelling VEB's loan used to repay debts to lenders. Exclusive news, data and analytics for financial market professionals, Reporting by Reuters As UC Rusal's largest aluminum facility, the Krasnoyarsk (KRAZ) aluminum smelter in Krasnoyarsk, Russia, has become a significant site for innovation within the company with improvements ongoing. [64], In May 2018, the company announced the resignation of CEO Alexandra Bouriko and seven board members in order to avoid U.S. sanctions against Oleg Deripaska. Sanctions on Russia aluminum could hurt global supply chains - CNBC Senior metals columnist who previously covered industrial metals markets for Metals Week and was EMEA commodities editor at Knight-Ridder (subsequently Bridge). [80] The growth has slowed compared to the trend since 4Q'18 (CAGR +3.4%). At the Krasny Vyborzhets plant in Leningrad, a pilot section for producing aluminium was launched, and the first experimental reduction cell was installed. [4][5] UC RUSAL accounts for almost 9% of the world's primary aluminium output and 9% of the world's alumina production. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Rusal's overseas alumina production will all be affected, potentially resulting in repeated mistakes of 2018, when the United States imposed sanctions . In April 2022, Rusal America Corporation was sold to former executives Brian Hesse and Andrey Donets and subsequently renamed PerenniAL. This statistic is not included in your account. [1/2]The logo of Russian aluminium producer Rusal is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. [70], In 2017, Deripaska expressed support for introducing steep carbon taxation in order to force other firms away from using coal power and reduce the industry's carbon footprint. RUSAL announces the launch of construction of a modern alumina production facility. You can manage your preferences by clicking the "Customize" button below. The company's aluminium production in Q221 reached 936,000 tonnes, up by 0.4% q-o-q, with Siberian smelters representing 93% of total aluminium output. RUSAL approves the 2035 Sustainability Strategy, RUSAL published 2022 Sustainability report, RUSAL confirms its leadership status in the world sustainable suppliers rating EcoVadis, RUSAL announces results for the year ended 31 December 2022, RUSAL develops production of advanced technology materials on existing production facilities, Statement from RUSAL regarding recent Bloombergs article, RUSAL begins production of low-carbon alloys for car manufacturers, RUSAL starts production of master alloys for high-tech alloys. and over 1Mio. [9], Between 1991 and 1994, companies set up by Mr. Deripaska with the backing of industrialist and entrepreneur Michael Cherney, started investing in the shares of Sayanogorsk Aluminum Smelter (SAZ), one of the newest and most modern aluminium plants built in Soviet times (19801985). The ideal entry-level account for individual users. To find out more, please read our, RUSAL announces the launch of construction of a modern alumina production facility, RUSAL approves the 2035 Sustainability Strategy, RUSAL published 2022 Sustainability report, RUSAL confirms its leadership status in the world sustainable suppliers rating EcoVadis, RUSAL announces results for the year ended 31 December 2022, RUSAL develops production of advanced technology materials on existing production facilities, Statement from RUSAL regarding recent Bloombergs article, RUSAL begins production of low-carbon alloys for car manufacturers, RUSAL starts production of master alloys for high-tech alloys. Developing production through the construction of modern, environmentally friendly facilities is one of our key competitive advantages. [39] Rusal also signed a memorandum of understanding with one of its main competitors, Shandong Xinfa Group, pertaining to the study of future potential cooperation areas, such as joint ventures. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). You need at least a Starter Account to use this feature. Rusal Reports 8.1 Percent Jump In Aluminium Sales In Fourth Quarter Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. This time around the effect has so far been more incremental as supply, logistics and financing avenues dwindle due to self-sanctioning. The aluminium price's reaction to news of the Australian ban tells you how concerned it is about the potential loss of Russian metal production. Currently, you are using a shared account. "Rusal's Production of Primary Aluminum and Alumina from Fy 2013 to Fy 2020 (in 1,000 Metric Tons). KUBAL Kubal is one of the largest industrial facilities in Central Sweden and the only primary aluminium producer in the country. [29] In order to be able to retain its stake in Norilsk Nickel, and to avoid having to float the stake to foreign lenders, UC Rusal received a $4.5 billion loan from Russian state bank VEB to repay debts to foreign creditors. Toggle Company structure and activities subsection, Toggle Corporate social responsibility subsection, Founding of Rusal and company expansion 2000 2007, Company consolidation and expansion projects, "Consolidated Financial Statements for the year ended 31 December 2020", "World's leading primary aluminium producing companies 2016 | Statistic", "UPDATE: Top 5 Primary Aluminium Producers in the World", "China Hongqiao Group Surpasses Rusal be the Largest Aluminum Producer", "Hongqiao Gets to Top of the World and Sinks Most Since IPO", "Rusal Completes Redomiciliation From Jersey To Russian SAR", "EN+ Announces Intention to Demerge High Carbon Assets", "Deripaska Rebound From Near-Crash Stares Down Potanin", "FACTBOX-United Company RUSAL's expansion plans", "1.8bn richer: Abramovich sells his last stake in Russia", "RusAl talks to Alcoa about downstream units sale", "Bauxite Company of Guyana Inc.: Private Company Information Bloomberg", "RusAl cleared to buy 20% of Queensland alumina", "RUSAL buys 56 pct stake in Italy's EurAllumina", "Rusal-Engineering Development Limited: Private Company Information Bloomberg", "NIGERIA: RusAl Completes Alscon Takeover Issue 151 dated 07/03/2007 Africa Mining Intelligence", "ALSCON: Again, Supreme Court sacks Russian firm, UC RUSAL Premium Times Nigeria", "RUSAL, SUAL, Glencore complete aluminium merger", "Russia's RUSAL repays $529 million debt in April", "Deripaska and Rusal come back from the brink", "RPT-Russia RUSAL appoints Oleg Deripaska as CEO", "Rusal settles for mid-range price in Hong Kong IPO", "UPDATE 4-RUSAL goes public in pursuit of $2.6 bln", "Russian Rusal shares to trade on Moscow Exchange from March 30 Metals | Platts News Article & Story", "Sberbank Improves Terms of $4.6Bln Loan for RusAl", "UPDATE 1-UC RUSAL completes $11.4 bln refinancing", "UC RUSAL and China North Industries Corporation set up JV", "Russia's Rusal, China's Shandong to study aluminium joint venture", "Rusal, Israel's Omen sign agreement for Russia-based automotive parts JV Metals | Platts News Article & Story", "BCG: Crisis aluminum industry because of overcapacity China", "UC RUSAL ANNOUNCES FULL YEAR RESULTS FOR 2013", "Rusal warns on $10bn debt pile as losses reach $3.2bn", "UPDATE 1-Rusal creates new role for founder Deripaska, promotes deputy CEO", "Rusal Announces Partnership with Chinese Firm to Produce Aluminium-Alloy Cable Aluminium Insider", "Rusal Prices Initial Eurobond Aluminium Insider", "Rusal profit amid rebound in aluminium prices", "Aluminium giant Rusal plans 10 billion yuan panda bond issue in Shanghai", "Rusal Negotiates US$1.7 BN PXF Debt Facility Aluminium Insider", "Russia's Rusal, India's Runaya to set up joint venture for aluminum production Metals | Platts News Article & Story", "UPDATE 1-Russian tycoon Prokhorov agrees to sell 7 pct stake in Rusal to Vekselberg", "Onexim group sells off 3% stake in Rusal", "Profits plunge 80pc at Aughinish Alumina", "Sanctioned Russian Oligarch's Company to Invest Millions in New Aluminum Plant in Mitch McConnell's State", "Ukraine-/Russia-related Designations and Identification Update", "Why the U.S. Is Weighing Tougher Sanctions Against Russia Over Ukraine", "Treasury Designates Russian Oligarchs, Officials, and Entities in Response to Worldwide Malign Activity", "U.S. extends deadline for Rusal sanctions, aluminum prices dive", "Rusal CEO Quits Amid Pressure Over U.S. Sanctions", "CEO and directors quit sanction-hit Russian aluminum giant", "Treasury lifts sanctions on companies tied to Putin ally", "Rusal to power its smelters solely on hydro by 2020", "UC Rusal joins ASI; pledges support for sustainable aluminium | Metal Bulletin.com", "LMEWEEK-Rusal launches green aluminium brand to drive sales", "Renewables just an excuse to use more coal, says Rusal's Deripaska", "Rusal strikes deal to supply Budweiser with ultra low-carbon cans", "RUSAL donates 25 tones of medical supplies to fight cholera Awoko Newspaper", "RUSAL Donates Medical Equipment to Combat Cholera Outbreak in Sierra Leone", "Rusal commissions N7.8m water projects in Ikpa-Ibekwe | Independent Newspapers", "UC RUSAL builds US$10m centre in Guinea to combat Ebola | Trade and Forfaiting Review", "Russia to fund Ebola vaccine trials | IOL News", "Sant: l'hpital RUSAL lance la vaccination contre la fivre Ebola au moyen d'un mdicament de fabrication russe | Guine Matin Les Nouvelles de la Guine profonde", "Rusal's Sustainability Report for 2020Q4", Economic history of the Russian Federation, The Oligarchs: Wealth and Power in the New Russia, https://en.wikipedia.org/w/index.php?title=Rusal&oldid=1148711656, Manufacturing companies established in 2007, Companies listed on the Hong Kong Stock Exchange, Articles with dead external links from April 2018, Articles with permanently dead external links, Articles with dead external links from June 2018, Wikipedia articles with undisclosed paid content from September 2022, Articles containing Russian-language text, Articles with unsourced statements from June 2016, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 4.0. Subsequently, projects to switch cells to Green Soderberg technology will be implemented at RUSALBratsk, RUSALNovokuznetsk and IrkAZ. Total LME inventory stands at 704,850 tonnes, the lowest level since 2007. 01 02 03 04 05 06 07 08 09 / 08 15.05.2023 RUSAL approves the 2035 Sustainability Strategy 30.04.2023 The aluminum was produced at Rusal's Krasnoyarsk (KrAZ) aluminum smelter, where it has constructed experimental industrial operations and is developing the next-generation inert anode technology for the electrolysis process. [38], With Chinese aluminium demand growing due to rapid urbanization and industrialization, UC Rusal signed a joint venture agreement with China North Industries Corporation (NORINCO) in April 2012.
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