UC Rusal forecasts strong growth in demand for aluminium in China

UC Rusal expects strong growth in demand from China this year as it reported flat Q1 revenue and a fall in output.

The Moscow headquartered company forecasts global aluminum demand of 6% this year, with a 10% increase in China, the world’s largest consumer of commodities.

Mr Oleg Deripaska CEO of UC RUSAL said that “We are seeing positive trends.”

Rusal’s aluminum production fell by 2.3% to 883,000 tonnes in the Q1 which it attributed to mothballed smelters in parts of Russia. Revenue remained at USD 2.1 billion as the 3.4% decrease in the aluminum price over the period was offset by higher volumes sold and higher average realized premiums.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.