CEO of UC Rusal sees grounds for aluminium price rise
Edited by Rhod Mackenzie / 2015-01-19 05:44:38
CEO of UC Rusal said that the main factor that influences on the aluminium prices is oil as well as dollar’s strengthening. A positive trend for aluminium price stays.
The situation in the aluminium market at the beginning of the year is complicated, however, there is a deficit in the market and grounds for the price rise for metal, CEO of UC Rusal, V. Soloviev, thinks.
The aluminium prices, which showed a growth in Jan-November 2014, at the end of the year started to fall, and in mid Jan reached the minimal rates from 2013 - $1,774/ton on the LME. To compare: the average spot price on the LME in Q3 2014 made up $1,987/ton.
