15 SEPTEMBER 2015Shanghai Metal Market
Supply glut not China slowdown is behind tumbling aluminum prices, says Rusal’s Deputy CEO
Edited by : AL CIRCLE
1 min read
Some have blamed China’s economic slowdown for slump in global aluminum prices , which have fallen to the lowest since July 2009. However, that is most unlikely, opined Rusal’s Deputy CEO Oleg Mukhamedshin.
Mukhamedshi argued that supply glut is the true culprit behind lower aluminum prices. In fact, demand for the light metal remains strong, Oleg Mukhamedshin said in an interview with finance.qq.com.
The biggest issue facing the industry is the entry of new market players, which exacerbates already oversupplied market, Oleg Mukhamedshin added.
Mukhamedshi argued that supply glut is the true culprit behind lower aluminum prices. In fact, demand for the light metal remains strong, Oleg Mukhamedshin said in an interview with finance.qq.com.
The biggest issue facing the industry is the entry of new market players, which exacerbates already oversupplied market, Oleg Mukhamedshin added.
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