RUSAL: aluminum shortage to hold

17 December 2010 (09:27)

United Company RUSAL came up with a report on the aluminum industry development in the year 2011.

The company’s analysts believe the Russian and CIS sales of aluminum will go up by 22%, that is, up to 928,000 tons due to the recovering machine-building and construction industries as well as the packaging companies’ economic come-back.

RUSAL predicts aluminum prices will be set at $2,400-$2,500 per 1,000 kg next year.

‘Despite the aluminum price curve’s volatility, RUSAL expects the aluminum shortage to hold in the short run. The transactions involving aluminum currently stored in warehouses could serve as evidence. This is why a premium paid on aluminum will remain the same if the current economic situation undergoes no drastic changes,’ the company says.

Other materials on the topic::