Rusal's Sanctions Deadline Is Delayed Again

- Oct 15, 2018-

1. The deadline for Rusal's sanctions is delayed again. The US said on Friday that it would allow investors to extend their holdings of Russia's aluminum companies for another month. The US government also gave RUSAL and En+ more time to deal with their business operations. The US Treasury official website announced on October 12 that the US Treasury Department’s Foreign Assets Control Office further extended the trading maturity date of certain general licenses related to EN+Group plc (EN+) and Rusal Aluminum Corporation (RUSAL). It was extended from November 12, 2018 to December 12, 2018.

2. Rio Tinto expects aluminum demand to grow at an annual rate of approximately 3.2% over the next five years. Rio Tinto said it expects aluminum demand to grow at an annual rate of 3.2% over the next five years, and China's aluminum supply and demand will be roughly balanced in the medium to long term. The company expects aluminum costs to increase in 2019. The impact of rising aluminum raw material costs on EBITDA in the first half of 2018 was $229 million less than last year. The main metal demand in the United States is expected to increase by 0.3 percentage points from 2017 to 2020.