RUSAL Sees Spot Aluminium at $2,400-2,500/T in 2011-Shanghai Metals Market

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RUSAL Sees Spot Aluminium at $2,400-2,500/T in 2011

Industry News 03:20:09PM Dec 16, 2010 Source:SMM

HONG KONG Dec 16 (Reuters) - Russia's United Company RUSAL (0486.HK: Quote)(RUAL.PA: Quote), the world's top aluminium maker, said on Thursday that it sees next year's aluminium prices at $2,400-$2,500 per tonne and global demand for the lightweight metal to rise 8 percent.

The company said the spot market price for alumina, which is used in the production of aluminium, may reach $400 per tonne in 2011 on strong demand from China and other regions, it said in a statement.

Deputy Chief Executive Oleg Mukhamedshin told reporters in November in Hong Kong that aluminium prices in 2011 would be roughly at current levels or higher, referring to a guidance of $2,400-$2,500 per tonne for the fourth quarter.
 

RUSAL Sees Spot Aluminium at $2,400-2,500/T in 2011

Industry News 03:20:09PM Dec 16, 2010 Source:SMM

HONG KONG Dec 16 (Reuters) - Russia's United Company RUSAL (0486.HK: Quote)(RUAL.PA: Quote), the world's top aluminium maker, said on Thursday that it sees next year's aluminium prices at $2,400-$2,500 per tonne and global demand for the lightweight metal to rise 8 percent.

The company said the spot market price for alumina, which is used in the production of aluminium, may reach $400 per tonne in 2011 on strong demand from China and other regions, it said in a statement.

Deputy Chief Executive Oleg Mukhamedshin told reporters in November in Hong Kong that aluminium prices in 2011 would be roughly at current levels or higher, referring to a guidance of $2,400-$2,500 per tonne for the fourth quarter.