https://www.miningweekly.com
Aluminium|Energy|Products
Aluminium|Energy|Products
aluminium|energy|products

Alcoa asks White House to block US imports of Russian aluminium

14th October 2022

By: Reuters

  

Font size: - +

US-based aluminum producer Alcoa on Thursday said it is lobbying the White House to block American imports of the metal from Russia following Moscow's latest military escalation in Ukraine.

Reuters reported this week that President Joe Biden's administration was considering a range of options related to imports of Russian aluminum, including possibly blocking Rusal, the world's largest aluminum producer outside China, from selling its products in the United States.

In March, Biden banned American imports of Russian oil and other energy products. Aluminum was exempt due in part to concerns that such a step could boost consumer prices. Aluminum is used in a range of consumer products as well as airplanes, automobiles and other heavy machinery.

As Russia's invasion of Ukraine has dragged on this year, Washington has been left with fewer Russian industries to sanction, fueling interest in blocking American purchases of Russian aluminum.

Moscow bombarded Ukraine with more than 100 missiles this week, killing at least 26 people in what Biden called a "brutal" attack.

"Alcoa believes that the US government and other countries should sanction Russian aluminum," spokesperson Jim Beck said in an emailed statement to Reuters on Thursday. The company stopped buying from Russian businesses and selling into Russia in March.

Separately, Alcoa said it has asked the London Metal Exchange to delist Russian aluminum, saying the global contract for the metal "will be disproportionately influenced by one brand that much of the Western world has rejected and would not properly reflect supply and demand dynamics."

Rusal did not immediately respond to a request for comment.

Any move against Rusal or Russia's aluminum industry would likely benefit Alcoa as well as its non-Russian peers.

Century Aluminum did not respond to requests for comment. Rio Tinto, which produces aluminum as well as other metals, declined to comment.

Edited by Reuters

Comments

 

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.17 0.205s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: