United Co Rusal says aluminum rally can last on higher China costs


  • Business Premium
  • Friday, 14 Oct 2016

MOSCOW: Aluminum prices will keep rising as Chinese smelters get squeezed by increasing raw-material prices, making it tougher for them to expand production, according to United Co Rusal, the world’s second-biggest producer of the metal.

Thermal coal prices have surged about 60% this year and energy accounts for around half of the cost for Chinese smelters to produce aluminum.

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Business , Rusal , aluminium , commodity

   

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