Rusal Expects Price of Aluminum to Rise on Demand, Tribune Says

Sept. 13 (Bloomberg) --United Co. Rusal, the largest aluminum producer, expects the price of the metal to rise to as much as $2,600 a metric ton in the next months, supported by transport-based demand, first deputy chief executive officer Vladislav Soloviev said in interview with La Tribune.

Aluminum’s decline to $2,300 a metric ton in August was the bottom price, the French daily reported the executive as saying. Rusal predicts aluminum demand will increase 10 percent in 2011, Soloviev said, according to La Tribune.