Daily Newsletter

07 October 2024

Daily Newsletter

07 October 2024

Russia’s Rusal plans to double Siberian plant output by 2030

The Boguchansky smelter’s total production capacity is due to be increased to 600,000 tonnes (t).

Archana Rani October 07 2024

Russian aluminium producer United Company Rusal International (Rusal) is planning to double the capacity of its Boguchansky aluminum smelter in Krasnoyarsk, Siberia, reported Reuters via mining.com, citing the local government in the Krasnoyarsk region.

By the end of this decade, the smelter’s total production capacity is set to increase to 600,000t.

The initial production line at the Boguchansky smelter started in 2019, following an investment of $1.6bn (Rbs153.72bn).

The initial estimate for the total project cost to reach full capacity was $2.6bn.

Rusal, said to be the largest aluminium producer outside China, jointly owns the plant with RusHydro, a state-controlled power generating company.

According to the local government's statement, Rusal vice-president Elena Bezdenezhnykh indicated that the construction work at the Boguchansky smelter is scheduled to commence in 2025.

A representative from Rusal confirmed these plans and noted that the financial model and investment volumes would be recalculated by the end of 2024.

Rusal, which contributes 5.5% to the global aluminium output, operates 11 smelters with a combined capacity of 4.6 million tonnes (mt).

Furthermore, the company has not yet finalised any expansion plans for its Taishet smelter, which was commissioned in 2021 with a capacity of approximately 430,000t.

Looking ahead, Rusal anticipates a global aluminium surplus of around 500,000t in 2024, which is expected to narrow to 200,000–300,000mt in 2025.

Last year, Rusal said it plans to build an alumina production facility, with an investment of Rbs400bn to help reduce raw materials imports.

The proposed project involves four technological lines for alumina production, as well as port infrastructure at Russia’s Baltic Sea port of Ust-Luga.

China Coal Mining Market Overview

GlobalData's latest report provides a comprehensive coverage on China’s coal mining industry. The report also includes a demand drivers section providing information on factors that are affecting the country’s coal industry such as demand from end use sectors including power generation and steel industries. It further profiles major coal producers, and offers information on the major active, planned and exploration projects.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close