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Rusal Expects Aluminium Stock to Remain Tight, Demand ‘Positive’

Nov. 12 (Bloomberg) -- 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.

Link to Statement:{NSN LBQWHS3PR6RK <GO>}

Link to Company News:{486 HK <Equity> CN <GO>}

To contact the editor responsible for this story: Bloomberg News at gturk2@bloomberg.net

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