Russian metals giant Rusal, which owns the Aughinish Alumina refinery in Limerick, has warned of supply, financing and profit risks to its business as a result of the war in Ukraine. Australia has banned exports of bauxite ore and alumina – the main ingredients in aluminium production – to Russia. Alumina exports from Australia make up “almost 20pc of Rusal demand”, the company said in its statement. Meanwhile, there are doubts over the future of Rusal’s Irish refinery in Askeaton, west Limerick, which is Europe’s largest alumina plant. Aughinish Alumina was not affected at that time, as Mr Deripaska divested himself of his majority stake in En+.

Source: Irish Independent March 31, 2022 06:01 UTC