UNRIF News and Press, United RUSAL

Summary As the metals markets enter the last quarter of a turbulent year, the industry prepares to gather in London for a week of meetings and contract negotiations against a backdrop of weakening demand. Global aluminium prices soared briefly after news that the United States is ...

Summary Global aluminium prices briefly rallied after news that the United States is considering an effective ban on Russian imports of the metal in response to the conflict in Ukraine. This comes at a time when the LME is also discussing the possibility of banning Russian metal f...

Summary The LME continues to review a ban that would keep Russian aluminum, nickel, and copper from the exchange. The LME seems anxious to avoid the ongoing drain of non-Rusal aluminum in their warehouses being replaced solely by new deliveries of Rusal metal. The German gover...

Summary China’s aluminium output has held up despite the energy crunch. China’s exports of unwrought aluminium and aluminium products have also risen in 2022 - up 31.5% so far this year versus a year earlier to 4.7 million tonnes. The rise in Chinese output comes...

Summary Energy-sensitive European factories and aluminum smelters remain stranded due to the ongoing Russian-Ukrainian war. China still remains the go-to destination for European steel and aluminum supply. Though China itself, one of the largest consumers of steel, coke, and a...

Rio Tinto (NYSE:RIO) subsidiary Kennecott Exploration said Monday it started drilling on the Copper Gulch prospect of Alderan Resources' (OTCPK:ALDRF) Frisco project in Utah. The company says Copper Gulch is a porphyry copper target southwest of the copper-rich tourmaline beccias at the histo...

Copper and aluminum prices edge lower in London trading as some investors booked profits, while volatile nickel prices fell more than 5% after surging as much as 9% and then dropping more than 7% in the first 45 minutes of trading. According to Reuters, benchmark copper (HG1:COM) recently was...

Australia’s decision to halt exports of alumina to Russia is likely to further strangle Russia’s aluminum production. Australia has banned the export of key raw materials to Russia, including alumina and bauxite. Even before the invasion, stockpiled aluminum was ship...

The market dislocation between London and Shanghai has pushed more than 30kt of primary aluminium exports out of Chinese bonded zones. A sudden surge in alumina is also possible but unlikely to be sustained. Exports of alumina from China are possible, as seen back in 2018, but any...

Based on new hopes for a peaceful Ukrainian/Russian resolution to their nearly month-long war, the world is cautiously optimistic. Although China has been trying to help Russia avoid economic sanctions, China is struggling with its own debt problems from Evergrande, slowing economic g...