Graphite products manufacturer Energoprom's electrode plant in the Russian city of Chelyabinsk will no longer produce anodes for use in the production of aluminium due to "unfavorable conditions" in the carbon and graphite product markets.
This has forced it to cancel its anode supply deal with compatriot aluminium producer UC Rusal, less than two years into the five-year contract, Rusal told Fastmarkets on Tuesday October 1."[Rusal] had a five-year contract with Energoprom, which Rusal was ready to fulfil completely," it said. "However, the manufacturer of the anodes decided to terminate the cooperation unilaterally, notifying us of this six months in advance, as foreseen by the contract. Thus, Rusal...