UC Rusal: aluminium deficit to exceed 1 mln tons in 2016

​Rusal expects that the world demand for aluminium in 2016 will grow by 5.7% or 3 mln tons.

UC Rusal thinks that the global demand for aluminium in 2016 will rise by 5.7% or 3 mln tons to reach 59.6 mln tons.

According to Rusal’s experts, aluminium consumption will grow as a result of consumption growth in North America, Europe and Asia. The demand for aluminium in China in 2016 will rise by 7% to 31 mln tons. the most significant contribution to the demand growth in 2016 will be made by the transportation sector – a half of the entire demand or 1.5 mln tons; as well as the construction sector, electric goods of long-term use and packing.

It is forecast that aluminium production in China will be growing at slow rates for the past 5 years – the growth will make up 4.8% in 2016 against the average rate of 12% for the past 5 years and 9.6% in 2015.