Edition:
United Kingdom

United Company RUSAL Plc (0486.HK)

0486.HK on Hong Kong Stock

3.74HKD
22 Feb 2019
Change (% chg)

HK$0.00 (+0.00%)
Prev Close
HK$3.74
Open
HK$3.73
Day's High
HK$3.76
Day's Low
HK$3.70
Volume
14,324,000
Avg. Vol
17,657,462
52-wk High
HK$5.56
52-wk Low
HK$1.31

Latest Key Developments (Source: Significant Developments)

Rusal Says Q4 Aluminium Production 943 Thousand Tonnes
Friday, 8 Feb 2019 

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 

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

En+ completes first stage of Rusal share swap with Glencore
Friday, 1 Feb 2019 

Feb 1 (Reuters) - En+ Group says::En+ announces the completion of the first stage of the securities exchange agreement with certain subsidiaries of Swiss company Glencore <<>>;.As part of this deal, En+ has acquired 2 percent of aluminium giant Rusal <<<0486.HK>>> shares from a subsidiary of Glencore in consideration for the issue of new En+ global depositary receipts (GDRs) to Glencore representing 10.55 percent of the enlarged share capital of En+;.En+ currently owns a 50.12 percent stake in Rusal. The transfer of additional 6.75 percent of Rusal shares to En+ from Glencore should be automatically performed no later than in February of 2020;.The deal is part of En+'s restructuring agreement with the U.S. Treasury, which lifted sanctions on En+ and Rusal on Sunday, as Russian tycoon Oleg Deripaska has dropped his control over the both firms. nL1N1ZR0AJ.  Full Article

En+ says independent trustees to have voting rights for 37.7 pct
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Russian conglomerate En+ Group said on Wednesday::Oleg Deripaska's stake in En+ as part of the deal with the U.S. Treasury totals 44.95 percent, of which he can vote with 35.0 percent;.VTB's stake in En+ at 21.68 percent, of which VTB can vote with 7.35 percent;.Glencore's stake in En+ is at 10.55 percent, it can vote with this stake;.Stake of Deripaska's former family members and his charity fund stake in En+ is at 9.97 percent, but they do not have voting rights for it;.Independent trustees have voting rights for 37.7 percent of En+'s shares..  Full Article

Rusal Says En+ Enters Into Securities Exchange Agreements With Glencore Units
Monday, 28 Jan 2019 

Jan 28 (Reuters) - United Company Rusal Plc <0486.HK>::EN+ ANNOUNCED IT ENTERED INTO A SECURITIES EXCHANGE AGREEMENT AND CERTAIN OTHER RELATED AGREEMENTS WITH CERTAIN SUBSIDIARIES OF GLENCORE PLC.PURSUANT TO DEAL GLENCORE TO TRANSFER 8.75% OF CO'S SHARES TO EN+ IN CONSIDERATION FOR EN+ ISSUING NEW GDRS TO GLENCORE.GLENCORE HAS AGREED TO TRANSFER ITS SHARES IN COMPANY TO EN+ IN TWO STAGES.  Full Article

Rusal Says OFAC Removes Co From Blocked Person's List
Monday, 28 Jan 2019 

Jan 28 (Reuters) - United Company RUSAL Plc <0486.HK>::ANNOUNCES THAT OFAC ANNOUNCED REMOVAL OF CO AND LARGEST SHAREHOLDER EN+ FROM ITS LIST OF SPECIALLY DESIGNATED NATIONALS AND BLOCKED PERSONS.  Full Article

Rusal Says Jean-Pierre Thomas Resigns As Chairman
Sunday, 27 Jan 2019 

Jan 28 (Reuters) - United Company RUSAL Plc <0486.HK>::JEAN-PIERRE THOMAS RECEIVED IMPERATIVE REQUEST OF OFFICE OF FOREIGN ASSETS CONTROL OF U.S. DEPARTMENT OF TREASURY TO LEAVE OFFICE OF CHAIRMAN AND DIRECTOR.THOMAS TENDERED HIS RESIGNATION AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 26 JANUARY 2019.JEAN-PIERRE THOMAS RECEIVED IMPERATIVE REQUEST OF FOREIGN ASSETS CONTROL OF U.S. DEPARTMENT OF TREASURY TO LEAVE OFFICE OF CHAIRMAN & DIRECTOR.PHILIPPE BERNARD HENRI MAILFAIT TENDERED HIS RESIGNATION AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR DUE TO OTHER BUSINESS COMMITMENTS.  Full Article

United Company RUSAL PLC Says Associates Of En+ To Provide Repair Services To Members Of Group
Friday, 18 Jan 2019 

Jan 18 (Reuters) - United Company RUSAL Plc <0486.HK>::ASSOCIATES OF EN+ AGREED TO PROVIDE REPAIR SERVICES TO MEMBERS OF GROUP.  Full Article

United Company Rusal Entered New Heat Supply Contracts En+ To Supply Heat Energy
Friday, 28 Dec 2018 

Dec 28 (Reuters) - United Company RUSAL Plc <0486.HK>::ENTERED NEW HEAT SUPPLY CONTRACTS EN+ TO SUPPLY HEAT ENERGY.ANNUAL AGGREGATE TRANSACTION AMOUNT PAYABLE TO ASSOCIATES OF EN+ UNDER NEW HEAT SUPPLY CONTRACTS FOR FY ENDING DEC 31, 2019 IS ABOUT $9.793 MILLION.ANNUAL AGGREGATE TRANSACTION AMOUNT PAYABLE BY EN+ FOR SUPPLY OF HEAT ENERGY IS ABOUT $4.665 MILLION FOR FY ENDING 31 DEC 2020.  Full Article

United Company Rusal Appoints Jean-Pierre Thomas As Chairman
Friday, 28 Dec 2018 

Dec 28 (Reuters) - United Company RUSAL Plc <0486.HK>::JEAN-PIERRE THOMAS APPOINTED AS CHAIRMAN.  Full Article

ERG ships Kazakh alumina to China in drive to find new buyers -sources

BEIJING/ALMATY, Feb 22 Eurasian Resources Group (ERG) has started shipping alumina from Kazakhstan into northwest China's Xinjiang region, according to four people with knowledge of the matter, as the miner seeks to reduce reliance on major buyer United Company Rusal.