UC Rusal, Natixis Expect Aluminum Shortage, Novelis Needs New Sheet Customers

UC Rusal, the world’s largest producer of aluminum, believes that premiums paid to secure aluminum will exceed $500 a metric ton as soon as the coming quarter on stronger demand and limited supplies, implying a jump of at least 20 percent.

Rusal is not alone. French analysis firm Natixis believes aluminum’s surplus will evaporate by Fall, as well.

In Asia, however, Novelis told analysts that it will need to find new customers for its aluminum beverage can sheet as demand in China is still wanting.

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