Industry News

Rio Tinto wins legal battle against another leading aluminium powerhouse

Views : 322
Update time : 2024-02-05 18:25:04
In a landmark decision, the Federal Court upheld Rio Tinto's discernment in navigating the complex web of international sanctions in 2022. The esteemed court, presided over by Justice Michael O'Bryan, dismissed claims made by subsidiaries of a Leading Russian Aluminium Producer, challenging Rio's refusal to continue collaboration.

In 2022, amidst the geopolitical upheaval following Russia's invasion of Ukraine, Rio Tinto demonstrated sagacity by severing ties with the Russian aluminium producer's subsidiaries, holding a 20% stake in Queensland Alumina Limited (QAL). This strategic move encompassed halting the supply of bauxite and alumina to the Russian giant, ultimately invoking emergency step-in rights to prevent any economic benefit from flowing to the sanctioned entities.

Related News
Read More >>
Japan-focused aluminium premiums up by 13-28% amid tight supply and low global inventories Japan-focused aluminium premiums up by 13-28% amid tight supply and low global inventories
Feb .28.2026
Japan-focused aluminium premiums up by 13-28% amid tight supply and low global inventories
EGA announces $5 billion debt financing EGA announces $5 billion debt financing
Feb .28.2026
EGA announces $5 billion debt financing
40m aluminium superyacht marks the return of Tuxedo Yachting House from Ceccarelli family 40m aluminium superyacht marks the return of Tuxedo Yachting House from Ceccarelli family
Feb .28.2026
40m aluminium superyacht marks the return of Tuxedo Yachting House from Ceccarelli family
Global aluminium scrap Feb 2026 review: US surcharges, EU export fears, and Southeast Asian e-waste bans Global aluminium scrap Feb 2026 review: US surcharges, EU export fears, and Southeast Asian e-waste bans
Feb .28.2026
Global aluminium scrap Feb 2026 review: US surcharges, EU export fears, and Southeast Asian e-waste bans