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World's Biggest Aluminum Maker Sees Price at $2,700
Edited by : AL CIRCLE
1 min read
Aluminum will average $2,700 per ton for the year, the deputy chief executive of Rusal, the world’s largest aluminum company, told CNBC in an interview Friday.
"I personally think there will be a $2,700 average for this year for aluminum," Maxim Sokov, deputy to Russian tycoon Oleg Deripaska at Rusal, said.
“We are quite bullish generally in the commodities market. We believe that China and Asia will be the main drivers for the market, and that the situation in China and Japan will be the key driver for medium term demand in Q3 and Q4,” he added.
Deripaska is currently locked in a battle with rival metals tycoon Vladimir Potanin for control of Norilsk Nickel, of which Rusal owns 25 percent.
Sokov, who has been a member of the board at Norilsk Nickel as Rusal’s representative since 2008, said: “Decisions are still not being brought up with the board and that’s the big problem.”
"I personally think there will be a $2,700 average for this year for aluminum," Maxim Sokov, deputy to Russian tycoon Oleg Deripaska at Rusal, said.
“We are quite bullish generally in the commodities market. We believe that China and Asia will be the main drivers for the market, and that the situation in China and Japan will be the key driver for medium term demand in Q3 and Q4,” he added.
Deripaska is currently locked in a battle with rival metals tycoon Vladimir Potanin for control of Norilsk Nickel, of which Rusal owns 25 percent.
Sokov, who has been a member of the board at Norilsk Nickel as Rusal’s representative since 2008, said: “Decisions are still not being brought up with the board and that’s the big problem.”
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