Europe’s power crisis, production cuts, and shortages of aluminum have left consumers in a quandary about Russian supplies of the metal vital for the region’s transport, construction and packaging industries.
Some are choosing to shun Rusal’s metal, while others are more sanguine – pointing to the fact that neither the company nor its metal is under sanctions imposed on other Russian companies after Moscow’s invasion of Ukraine in February.Known in the industry as “the mating season”, consumers and producers gathered at a conference in Barcelona this week to agree on deals to buy and sell aluminum for next year.
Among those rejecting Russian metal for next year are one of the world’s largest aluminum consumer, Novelis, a division of Hindalco Industries, and a unit of Norsk Hydro supplying aluminum products to the auto and construction industries. “We have hundreds of clients globally, representing one of the strongest and most diverse customer bases in the industry. Our business is not defined by those few who choose to buy their aluminum elsewhere,” a Rusal representative told Reuters.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Households a Wild Card as Europe Moves to End Russian Gas DependenceAs Europe seeks to reduce its dependence on Russian gas, economists are worried that consumers won’t follow the example of companies
Read more »
Gazprom's Aksyutin: There is no alternative to Russian pipeline gas for EuropeOleg Aksyutin, Deputy Chief Executive Officer of Gazprom, said on Thursday that Europe had no other alternative other than Russian gas, as reported by
Read more »
Fact Check: Did Russian Ka-52 destroy Ukraine barge near nuclear plant?Russia claims to have 'destroyed' Ukrainian special forces team near Russian-occupied Zaporizhzhya nuclear power plant.
Read more »
Europe car sales return to growth after painful year of declines | AutoblogEurope’s new-car market returned to growth in August for the first gain in 13 months, though the respite may be short-lived.
Read more »
The U.S. Looks to Rival Europe and Asia With Massive Floating Offshore Wind PlanWhen it comes to offshore wind, the U.S. has a long way to go to catch up with Europe.
Read more »
French air traffic control strike disrupts flights in EuropeAir France has dropped around half its 800 planned services, while Europe's largest airline Ryanair said it had cancelled 420 flights overflying or landing in France.
Read more »