Rusal has applied to Prime Minister Mikhail Mishustin to temporarily mothball
part of its Russian raw-material processing capacity, Russian media report.
Proposed idled assets include the Pikalyovo alumina refinery, the North Urals
bauxite mine, the Bogoslovsk alumina plant and the Ural alumina plant. Rusal
estimates the raw-material processing unit loses about $400 per tonne of
aluminium, or roughly $800m a year, and says restarting the business would
require about $1.8bn of investment. The company has requested rail-freight
subsidies, preferential port transshipment rates for imported bauxite—totaling
around $70m a year in support—and government aid for the affected regions.