Edition:
United States

United Company RUSAL Plc (0486.HK)

0486.HK on Hong Kong Stock

2.73HKD
24 May 2019
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Latest Key Developments (Source: Significant Developments)

Unipro Says Court Satisfied Claims Of Rusal's Unit Against Unipro
Tuesday, 21 May 2019 08:03am EDT 

May 21 (Reuters) - Unipro ::SAYS ARBITRATION COURT RULED TO SATISFY CLAIMS OF RUSAL NOVOKUZNETSK ALUMINIUM SMELTER, TO RECOVER RUB 25 MILLION FROM UNIPRO.SAYS DOES NOT AGREE WITH COURT RULING AND WILL APPEAL TO ARBITRATION COURT OF APPEAL.  Full Article

Rusal To Be Apart Of Aluminum JV With A $200 Mln Investment
Monday, 15 Apr 2019 12:05am EDT 

April 15 (Reuters) - United Company Rusal Plc ::ANNOUNCES LETTER OF INTENT IN RELATION TO A GREEN FIELD ALUMINIUM ROLLING MILL IN ASHLAND, KENTUCKY, USA.ANTICIPATED THAT CO'S INVESTMENT INTO PROJECT WILL BE LIMITED TO US$200 MILLION.EXPECTED THAT ANNUAL NAME PLATE CAPACITY OF FUTURE INTEGRATED ROLLING MILL WILL BE 500 THOUSAND METRIC TONS OF HOT ROLLED BAND.IN EXCHANGE FOR ITS INVESTMENT, COMPANY WILL HAVE A 40% SHARE OF PROJECT.PROJECT DEBT WILL BE FUNDED FROM FINANCIAL INSTITUTIONS.EXPECTED ANNUAL NAME PLATE CAPACITY OF FUTURE INTEGRATED ROLLING MILL TO ALSO INCLUDE 300,000 METRIC TONS FULLY FINISHED COLD ROLLED PRODUCTS.WILL SUPPLY ALUMINIUM TO NEW ROLLING MILL FROM ITS NEW TAISHET ALUMINIUM SMELTER CURRENTLY UNDER CONSTRUCTION IN SIBERIA.  Full Article

En+ Says Rusal Intends To Invest $200 Mln For Braidy Atlas Mill
Sunday, 14 Apr 2019 09:50pm EDT 

April 14 (Reuters) - En+ Group Plc ::BRAIDY INDUSTRIES SECURES PARTNERSHIP FOR AMERICA’S FIRST LOW- CARBON, HIGH VALUE ALUMINUM MILL.SAYS PRODUCER RUSAL INTENDS TO INVEST $200 MILLION.IN EXCHANGE FOR ITS INVESTMENT, RUSAL WILL OBTAIN A 40% SHARE IN PROJECT.SAYS RUSAL WILL SERVE AS BRAIDY'S EXCLUSIVE SUPPLIER OF LOW-CARBON ALUMINUM, PROVIDING CLOSE TO 2.0 MILLION MTONS OVER 10 YEARS.EN+ GROUP - EN+ GROUP EXECUTIVE CHAIRMAN BARKER TO ASSUME ROLE OF CO-CHAIRMAN OF BRAIDY ATLAS MILL WITH BRAIDY INDUSTRIES CHAIRMAN AND CEO BOUCHARD.EN+ GROUP - BRAIDY INDUSTRIES AND CO ANNOUNCE EXECUTION OF LOI FOR POTENTIAL $200 MILLION LEAD INVESTMENT FOR BRAIDY ATLAS MILL BY UNITED COMPANY RUSAL.  Full Article

United Company Rusal Says En+ Agreed To Provide Repair Services To Member Of Group
Thursday, 11 Apr 2019 08:22pm EDT 

April 12 (Reuters) - En+ Group PLC ::EN+ AGREED TO PROVIDE REPAIR SERVICES TO MEMBER OF GROUP.ANNUAL AGGREGATE TRANSACTION AMOUNT PAYABLE BY GROUP TO ASSOCIATES OF EN+ FOR FY2019 ESTIMATED TO BE ABOUT $13.689 MILLION.  Full Article

Rusal And Rushydro Launch First Production Line Of BOAZ
Friday, 29 Mar 2019 02:23am EDT 

March 29 (Reuters) - United Company Rusal Plc ::SAYS RUSAL AND RUSHYDRO LAUNCH FIRST PRODUCTION LINE OF BOGUCHANSKY ALUMINIUM SMELTER (BOAZ).USD 1.6 BILLION HAS BEEN INVESTED IN FIRST STAGE OF SMELTER WITH ANNUAL CAPACITY OF 298 THOU TONNES.  Full Article

United Company Rusal Announces Contract With En+ Associate
Wednesday, 20 Mar 2019 08:21pm EDT 

March 21 (Reuters) - United Company RUSAL Plc ::MEMBER OF GROUP ENTERED CONTRACT WITH ASSOCIATE OF EN+;EN+ ASSOCIATE TO PROVIDE TRANSPORTATION SERVICES TO MEMBER OF GROUP.  Full Article

United Company RUSAL Plc Appoints Bernard Zonneveld As Chairman
Monday, 11 Mar 2019 08:21pm EDT 

March 12 (Reuters) - United Company RUSAL Plc 0486.HK::BERNARD ZONNEVELD HAS BEEN APPOINTED AS CHAIRMAN OF CO.  Full Article

United Company Rusal PLC Posts Q4 Adjusted Net Loss Of $17 Mln
Wednesday, 6 Mar 2019 07:01pm EST 

March 7 (Reuters) - United Company RUSAL Plc 0486.HK::Q4 REVENUE $2,365 MILLION VERSUS $2,745 MILLION.Q4 ADJUSTED NET LOSS $17 MILLION VERSUS PROFIT $350 MILLION.NO DIVIDENDS WERE DECLARED AND PAID BY THE COMPANY DURING THE YEAR ENDED 31 DECEMBER 2018.GLOBAL ALUMINIUM DEMAND IS EXPECTED TO RISE BY 3.7% YOY IN 2019 TO 68 MILLION TONNES."THE AVAILABILITY OF ALUMINIUM SCRAP MAY ALSO INCREASE IN 2019 AS SCRAP PRICES ARE EXPECTED TO RISE AND DEMAND TO INCREASE".  Full Article

Rusal Says Q4 Aluminium Production 943 Thousand Tonnes
Thursday, 7 Feb 2019 07:00pm EST 

Feb 8 (Reuters) - United Company RUSAL Plc <0486.HK>::Q4 ALUMINIUM PRODUCTION TOTALED 943 THOUSAND TONNES, UP+0.4% QUARTER-ON-QUARTER.IN Q4, AVERAGE ALUMINIUM REALIZED PRICE DECREASED BY 7.0% QOQ TO USD2,115/T.IN 4Q18, ALUMINIUM SALES 877 THOUSAND TONNES, DOWN 16.2% Q-O-Q.IN 4Q18, BAUXITE PRODUCTION DECREASED BY 3.4% QOQ TO 3,719 THOUSAND TONNES.ALUMINA MARKET MAY BE EXPECTED TO BE MORE BALANCED DUE TO ALUNORTE CONTINUING PRODUCTION RECOVERY AND CAPACITY GROWTH IN CHINA.ALUMINIUM CONTINUES TO BE CHALLENGED BY SUPPLY DISRUPTIONS AND SOARING PRODUCTION COSTS.ALUMINIUM SCRAP AVAILABILITY MAY ALSO BECOME AN ISSUE IN 2019 DUE TO AN EXPECTED INCREASE OF SCRAP PRICES.CHINESE EXPORTS MAY SET TO DECLINE DUE TO LOWER ARBITRAGE, FALL IN INVENTORIES/PRODUCTION AND NEW DOMESTIC STIMULATION BY CHINA GOVERNMENT IN 2019.IN Q4, TOTAL ALUMINA PRODUCTION DECREASED BY 2.1% QOQ, TO 1,958 THOUSAND TONNES.NEW STIMULATION PROGRAMMES EXPECTED TO BE INTRODUCED BY CHINESE GOVERNMENT IN 2019 TO SIGNIFICANTLY IMPROVE DOMESTIC ALUMINUM BALANCE."ALUMINIUM MARKET IS IN HEAVY DEFICIT AND DEMAND IS SET TO IMPROVE, ALUMINIUM PRICE HAS UPSIDE POTENTIAL".  Full Article

Fitch Says Stable Global Mining Outlook Despite Tariffs, China Risks
Friday, 1 Feb 2019 04:52am EST 

Feb 1 (Reuters) - Fitch::FITCH SAYS STABLE GLOBAL MINING OUTLOOK DESPITE TARIFFS, CHINA RISKS.FITCH SAYS LONG-TERM IMPACT ON MINING SECTOR OF TRADE TENSIONS BETWEEN U.S. AND CHINA REMAINS UNCERTAIN.FITCH SAYS TRADE TENSIONS BETWEEN U.S.-CHINA IS CURRENTLY OFFSET BY UNDERLYING INDUSTRY FUNDAMENTALS WITHIN MOST METAL COMMODITY SUB SECTORS.FITCH SAYS THERE HAS SO FAR BEEN LIMITED IMPACT ON METALS DEMAND FROM CHINA-US TRADE TENSIONS, INVESTOR SENTIMENT HAS BEEN NEGATIVELY AFFECTED.FITCH SAYS DO NOT EXPECT COMMODITY PRICES IN NEAR TERM TO FALL TO LEVELS WHERE RATINGS COULD BE NEGATIVELY AFFECTED.FITCH SAYS EXPECT LOWER COKING COAL PRICES IN 2019 COMPARED WITH 2018 DUE TO EASING SUPPLY CONSTRAINTS AND RELATIVELY FLAT DEMAND.FITCH SAYS GROWTH IN STAINLESS STEEL PRODUCTION FROM INDONESIA & CHINA, DEMAND FROM ELECTRIC VEHICLE BATTERIES WILL LEAD TO NEW NICKEL DEMAND.FITCH SAYS IN SHORT TERM, ALUMINIUM MARKET FACES NUMBER OF DOWNSIDE RISKS, MOST NOTABLY CHINA-US TRADE WAR, ASSOCIATED UNCERTAINTY, SLOWING DEMAND IN CHINA.FITCH SAYS EXPECT SEABORNE THERMAL COAL MARKETS TO BE ASIA-DRIVEN AND REMAIN WELL-SUPPLIED OVER NEXT FEW YEARS.FITCH SAYS EXPECT CHINESE IRON ORE DEMAND TO CONTINUE FALLING IN 2019.FITCH SAYS GOLD PRICE IS EXPECTED TO SEE SUPPORT AT FITCH'S USD1,200/OZ PRICE ASSUMPTION FOR 2019 GIVEN POSITIVE TRENDS.FITCH SAYS ENDING OF U.S. SANCTIONS ON RUSAL MEANS CRU NO LONGER EXPECTS ANY REDUCTION IN OUTPUT FROM COMPANY.  Full Article

BRIEF-Rusal Says En+ Enters Into Securities Exchange Agreements With Glencore Units

* EN+ ANNOUNCED IT ENTERED INTO A SECURITIES EXCHANGE AGREEMENT AND CERTAIN OTHER RELATED AGREEMENTS WITH CERTAIN SUBSIDIARIES OF GLENCORE PLC