Rusal to Expand Aluminum Production on Growing Global Demand

Published: Jun 15, 2017 18:38
Rusal said on Wednesday that it plans to expand annual aluminum output from 2016’s level by 19% to 4.4 million tonnes by 2021, citing growth in global demand.

SHANGHAI, Jun. 15 (SMM) – Rusal said on Wednesday that it plans to expand annual aluminum output from 2016’s level by 19% to 4.4 million tonnes by 2021, citing growth in global demand.

The global aluminum giant predicts global aluminum demand will grow 13.5 million tonnes to 73.2 million tonnes over the next five years. 

NBS: China Aluminum Output Grows in May

Annual aluminum consumption is 1.4 million tonnes in Russia at present. 

Where Will SHFE Aluminum Head After Touching 6-Month Low? SMM Reports

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Divergent Downstream Consumption Coupled with Destocking, SHFE Aluminum Short-Term Oscillation and Adjustment [SMM Aluminum Morning Meeting Minutes]
18 mins ago
Divergent Downstream Consumption Coupled with Destocking, SHFE Aluminum Short-Term Oscillation and Adjustment [SMM Aluminum Morning Meeting Minutes]
Read More
Divergent Downstream Consumption Coupled with Destocking, SHFE Aluminum Short-Term Oscillation and Adjustment [SMM Aluminum Morning Meeting Minutes]
Divergent Downstream Consumption Coupled with Destocking, SHFE Aluminum Short-Term Oscillation and Adjustment [SMM Aluminum Morning Meeting Minutes]
[Divergence in Downstream Consumption Combined with Destocking: SHFE Aluminum Expected to Fluctuate in the Short Term] The tug-of-war between longs and shorts on the macro front has intensified. Amid geopolitical risks in the Middle East, wait-and-see sentiment in the market is expected to persist. The supply gap outside China is expected to provide strong floor support for aluminum prices, and expectations of rising energy costs are also expected to drive aluminum prices higher. However, high inventory pressure in China remains relatively pronounced and is expected to limit the upside room for domestic aluminum prices. In the short term, domestic aluminum prices are expected to mainly fluctuate and adjust.
18 mins ago
Cost Pressure Continued to Intensify, June Aluminum Fluoride Tender Price Cut Implemented [SMM Fluoride Salt Weekly Review]
14 hours ago
Cost Pressure Continued to Intensify, June Aluminum Fluoride Tender Price Cut Implemented [SMM Fluoride Salt Weekly Review]
Read More
Cost Pressure Continued to Intensify, June Aluminum Fluoride Tender Price Cut Implemented [SMM Fluoride Salt Weekly Review]
Cost Pressure Continued to Intensify, June Aluminum Fluoride Tender Price Cut Implemented [SMM Fluoride Salt Weekly Review]
14 hours ago
China's Aluminum Industry Faces Mixed Fortunes: Exports Buoy Weak Domestic Demand Amid Cost Pressures
14 hours ago
China's Aluminum Industry Faces Mixed Fortunes: Exports Buoy Weak Domestic Demand Amid Cost Pressures
Read More
China's Aluminum Industry Faces Mixed Fortunes: Exports Buoy Weak Domestic Demand Amid Cost Pressures
China's Aluminum Industry Faces Mixed Fortunes: Exports Buoy Weak Domestic Demand Amid Cost Pressures
14 hours ago