💰 Russia may build alumina plant to cut costly dependence on China

TL;DR

- Summary- Companies- This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Oct 6 (Reuters) - Russia is considering building a plant to make alumina, used in aluminium production, to reduce its reliance on imports from China, which has risen since the start of the Russia-Ukraine conflict, a document seen by Reuters showed.One of the world's largest aluminium producers, Russia secures 65% of its need for the intermediate product alumina through imports, mostly from China, a draft of the plan for development of Russia's metals industry until 2030 said.Russia's increased dependence on China's alumina has driven up the production costs of aluminium and follows disruption of supplies from Ukraine and Australia since Feb. 24, when Moscow sent troops to Ukraine.Register now for FREE unlimited access to Reuters.comThe draft said the proposed plant would be near Russia's Baltic Sea port of Ust-Luga."Critical dependence on imported raw materials for the bulk of the existing production facilities and all prospective projects to increase primary aluminium production capacity is unacceptable," it added."

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