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Rusal sees aluminum prices at $2,300 per ton by end of year
Edited by : AL CIRCLE
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"By the end of the year we will see prices at $2,300 per ton. In 2014, I hope there will begin a recovery in price and they will return to a fair level," said the company's first deputy chief executive Vladislav Soloviev, according to Russian media reports.
The London Metals Exchange's three-month price for aluminum is currently $2,048 per ton. In the third quarter, the heavily-indebted company reported a net loss of $118 million largely due to weak aluminum prices that sunk as low as $1,918 per ton in that quarter, compared to $2,399 per ton in the third quarter in 2011.
The London Metals Exchange's three-month price for aluminum is currently $2,048 per ton. In the third quarter, the heavily-indebted company reported a net loss of $118 million largely due to weak aluminum prices that sunk as low as $1,918 per ton in that quarter, compared to $2,399 per ton in the third quarter in 2011.
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