20 December 2018


Yesterday, the US Treasury Department’s Office of Foreign Assets Control (OFAC) notified the US Congress of its intention to terminate the sanctions imposed on Rusal, En+ Group plc and JSC EuroSibEnergo in 30 days (19 January 2019).

Deripaska remains sanctioned, but OFAC has determined that the significant restructuring and corporate governance changes will enable the above companies to meet the criteria for delisting.

The deadline for winding down activities with Rusal was set at 21 January 2019, so we welcome this timely action. While the Congress could still block the proposal, OFAC’s notification indicates the direction that the US government wants to follow.

Please see OFAC’s official press release



Materials Processing Institute CEO to become Chair of leading UK industry body

Chris McDonald, CEO of the Materials Processing Institute, has been named Chair of the UK Metals Council (UKMC). He will formally take over the position in March 2019, after being voted in as Chair at the latest UKMC Board Meeting, in November.

The UK Metals Council works across Whitehall to inform and influence Ministers, Government, Departments and their agencies about the value and needs of the UK metals sector. The Council is made up of senior figures from the metals industry representing the full spectrum of the supply chain, from primary manufacturing to recycling.

It hopes that by 2030 a modern and progressive UK metals industry will be delivering high-quality, innovative and competitively priced products as principal supplier to the UK’s main manufacturers and infrastructure projects, as well as a leading global exporter.

The Institute supports organisations that work in advanced materials, low carbon energy and the circular economy, which includes the upscaling and commercialisation of innovation.

Chris McDonald said: “The UKMC is a respected industry body that has ambitious plans for the future of the sector, and I am delighted to have been elected by my peers to this position. There is plenty of work that can be done to give the metals sector a voice within government, which should be viewed as a priority to Westminster.

“Organisations involved in and that have an interest within the sector need as much support as possible. These are the businesses driving forward innovation and productivity gains, while also supporting skilled jobs that this country requires. I am excited by the challenges ahead and I hope to draw upon my experiences and industry knowledge to serve the UKMC and the wider sector well.”

Simon MacVicker, outgoing Chair, UK Metals Council, said: “Chris has led our innovation work during the formative years of Metals Council, during which time we have gained greatly from his understanding of innovation and how it can be applied in industry, the productivity challenge, and his special understanding of how small businesses work. I am very excited that Chris has agreed to be elected as the next Chair of Metals Council, we will be in excellent hands.

Pam Murrell CEO of the Cast Metals Federation and Chair of the Metals Forum, added: “Metals are fundamental to the other industry sectors and are integral to the Advanced Manufacturing Supply Chain at a time of significant change to many of these sectors. Metals also have an important part to play in the circular economy and the clean growth strategy, along with other materials. As Trade Associations working together through the UK Metals Forum, we are keen to continue to support the work of the Metals Council, and provide a conduit to the many SMEs that make up the sector. Chris’ knowledge of the sector combined with his understanding of the particular challenges facing smaller businesses will be a huge asset to us.”

To download a full copy of the official press release please go to MPI

ALFED are a member of the UK Metals Council

November 2018 Market Report

The UK economy – including retail and construction – grew nominally in Q3 2018. Uncertainty over Brexit is affecting business confidence and investment, as well as the FTSE indices.

Download November’s market report for more information.

October 2018 Market Report

The UK economy slowed to a stand-still in August with the Office of National Statistics reporting that the total output of goods and services in August was at the same level as July and with manufacturing, construction and farming shrinking.

Download October’s market report for more information.

OFAC Amends Certain Previous General Licenses By Extending Their Expiration Date To 21 January 2019

10 December 2018

Friday evening, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) extended the expiration date of certain general licenses related to United Company RUSAL PLC (RUSAL).

The General Licenses 13H, 14D, 15C and 16D amend certain previous general licenses, by extending the expiration date from 7 January 2019 to 21 January 2019, for transactions related to RUSAL and its subsidiaries.

Please see OFAC’s Official Press Release