Rusal Forecasts 2011 Aluminum Price at $2,600 to $2,800
By Jasmine Wang -
2011-06-23T08:51:26Z
United Co. Rusal, the world’s largest aluminum producer, said prices will average between $2,600 and $2,800 a metric ton this year.
Rusal’s First Deputy Chief Executive Vladislav Soloviev announced the prices to reporters in Hong Kong today.
The price for three-month delivery has averaged $2,575 a ton this year and was $2,531 today at 4:48 p.m. Hong Kong time on the London Metal exchange. Prices may rise to as much as $3,000 in 2012, Steve Hodgson, Rusal’s head of marketing said on June 14.
To contact the reporter on this story: Jasmine Wang in Hong Kong at jwang513@bloomberg.net
To contact the editor responsible for this story: Andrew Hobbs at ahobbs4@bloomberg.net
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