Date: 5 months ago   Category: Economy

Sanctions collapse: measures against RUSAL have ruined the American metallurgists - RIA Novosti, 10/2/2018


MOSCOW, 2 Oct — RIA Novosti, Natalya Dembinskaya. April sanctions against RUSAL as envisioned by Trump had to increase income of the American business, but it has turned out on the contrary. Increase in duties on import has led to jump in prices of a key component in aluminum production — alumina that has affected financial statements of the largest players of the market. The net profit of aluminum giant Alcoa for the first half of the year has failed on a quarter, negative dynamics and at Century Aluminium. The Wall Street Journal warns that it will be even more victims. © REUTERS/Ilya Naymushin/File Photo Perish for metal: as sanctions against RUSAL bury European business problems have begun with the world's largest aluminous plant Alunorte in Brazil. The plant belonging to the Norwegian Norsk Hydro since March works only half capacities. Alunorte has reduced production almost by 50 percent after local authorities have accused him of pollution of natural sources of water. In March ecologists have revealed leakage of liquid waste from storage of the bauxite field from which the enterprise receives raw materials, and have demanded to improve nature protection systems. The company recognized: while it is unknown, what is the time it will be required to eliminate violation.© RIA Novosti / Alexander Kryazhev to Pass into an image bank the Aluminium tape in the rolling shop of the RUSAL Sayanal plant © RIA Novosti / Alexander Kryazhev to Pass into an image bank the Aluminium tape in the rolling shop of the RUSAL Sayanal plant of the Price of alumina have spread up, and the April sanctions imposed by Trump against RUSAL have aggravated a situation even more. Production of one ton of aluminum requires about two tons of alumina, and the companies buying him from RUSAL (nearly six percent of the world market of these raw materials are the share of the Russian player), now desperately try to catch other suppliers. But isn't enough for all. In addition there were difficulties at the producer of aluminum Alcoa, largest in the USA: two months workers strike against compulsory dismissals and unsatisfactory working conditions. © REUTERS/Tony Gentile Workers of the metallurgical company Alcoa carry out a protest action in Rome © REUTERS/Tony Gentile Workers of the metallurgical company Alcoa carry out a protest action in Rome according to the British research company CRU Research, to the middle of September of the price of alumina have grown approximately by 60 percent in comparison with last year — up to 625 dollars for metric ton. Analysts specify: it for the present wasn't transformed to rise in price of the most "winged metal" therefore metallurgists systematically lose profit. The producers of aluminum too selling alumina such as Alcoa, in principle, aren't so vulnerable. However in July the aluminum giant has reported: the duties on import of the Canadian aluminum introduced by Trump's administration painfully beat business. In January-June the net profit of Alcoa has made 225 million dollars — one quarter lower than an indicator of year prescription. Sanctions have impaired a little also the financial statement of Century Aluminum — the large producer

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