09 SEPTEMBER 2011Shanghai Metal Market
Rusal Sees Aluminum Demand Staying Firm
Edited by : AL CIRCLE
1 min read
The world's top aluminum producer UC Rusal expects global demand for the metal to stay robust despite economic worries in the West, a senior executive said on Thursday.
The group see worldwide demand growing by 10 percent in both 2011 and 2012, Vladislav Soloviev, Rusal's first deputy CEO, said.
"Demand is continuously strong, I don't see any softening in demand," he told Reuters on the sidelines of the Metal Bulletin aluminum conference in Paris.
Geographically, China should again outpace global aluminum demand next year, he said.
Fears about the economy were gripping investors currently but weakness in the United States should lead to more liquidity being injected by the U.S. Federal Reserve, which would in turn boost commodity demand and prices, he said.
The group see worldwide demand growing by 10 percent in both 2011 and 2012, Vladislav Soloviev, Rusal's first deputy CEO, said.
"Demand is continuously strong, I don't see any softening in demand," he told Reuters on the sidelines of the Metal Bulletin aluminum conference in Paris.
Geographically, China should again outpace global aluminum demand next year, he said.
Fears about the economy were gripping investors currently but weakness in the United States should lead to more liquidity being injected by the U.S. Federal Reserve, which would in turn boost commodity demand and prices, he said.
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