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Aluminum Supply to Remain Tight, Demand `Positive,' United Co. Rusal Says
United Co. Rusal said it expects aluminum stocks to remain tight for the “foreseeable future,” with premiums supported at current levels, according to a statement from the company to the Hong Kong stock exchange today.
Rusal estimates aluminum prices to remain at $2,300 a ton in the fourth quarter because of “positive” underlying demand and as the weakness in the U.S. dollar supports investment in physical assets.
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