Aluminium | 19 November 2010 г. | 00:43

Aluminum consumption in Russia will increase in next year

According to UC Rusal report, consumption of aluminum in Russia and CIS will increase by 22% to 979 thousand tons in 2011 compared to the forecast for 2010, first of all due to further development of machine manufacturing, construction and packaging industries. Sales of aluminum in Russia and CIS countries will grow by 22% in the next year in connection with firm growth of the markets while export of aluminum to reduce by 100-150 thousand tons.

For 2010 the company expects aluminum consumption in Russia and CIS to boost generally to 51% to 800 thousand tons compared to 531 thousand tons in 2009. Rusal forecasts cumulative annual growth of demand for aluminum in Russia from 2011 to 2015 at the level of 8%.

Rusal forecasts that aluminum prices will remain at the same level $2300 per ton till the end of 2010 due to high demand and also in account of going on weakening of US dollar exchange ratio, which stimulates investors to prefer commodities markets.

Metal Supply & Sales Magazine welcomes you to participate in Aluminium: Alloys, Profiles and Rolled Products, 3d International conference which will be held on May 24, 2011 in Moscow

Source: Metal Supply and Sale Magazine
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