Rusal Aluminum production increase furthur to 7.53 million mt in 2016

RUSSIA February 21 2017 10:56 AM

MOSCOW (Scrap Register): Alumina production in Rusal increased about 1.7 percent in 2016 to 7.53 million metric tons from 2015. Aluminum production for the year totaled at 3.63 million metric tons, which increased 1.1 percent year on year, according to Platts. 

Global demand for Aluminum in 2016 increased about 5.5 percent year on year to 59.7 million metric tons. Global aluminum supply also increased 3.6 percent to 59 million metric tons year on year.

Despite 4 million mt per annum of new Chinese capacity in 2016 and some restarted capacity it is expected that the Chinese market will develop into a moderate surplus and still be at a high risk of supply tightness due to the possibility of new environmental measures against pollution and a decline in new capacity additions, Rusal said.