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Rusal said the more serious overcapacity is in primary aluminum

2016-05-13 Jessie Comments Off

The head of rusal said that the production of aluminum in 2016 will be similar to that in 2014, and the forecast for 2015 is about the same, for fear of too much production, leading to oversupply in the market.
Rusal is very focused on the development of high value-added aluminum industry, which currently accounts for 47% of the total, and its expected target is 65%.
Rusal said that aluminum materials are mainly used in construction, transportation and other convenience, and the serious overcapacity is the primary aluminum.
Rusal is planning to restart its shuttered alumina plants, but is not planning to reopen them. They mainly export alumina from China.
There are no bauxite plants in the Middle East and other places but they would like to have alumina and bauxite.
Rusal, which imports $300m a year of Chinese raw materials and exports almost none to China, has a co-operation agreement with chinalco.