Aluminum financing deals still profitable: Rusal exec
Sep 13, 2012 | 12:14 PM
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Tags
aluminum,
warehousing,
Rusal,
Steve Hodgson,
Metal Bulletin conference,
Andrea Hotter
MOSCOW — Financing deals tying up aluminum inventories are still profitable as interest rates remain at historical lows, a status quo that is likely to last for some time, a senior executive at United Co. Rusal said Thursday.
"The current positive forward curve, low interest rates and growing premiums create a strong return well above U.S. (Treasury bonds) and other fixed-income assets," Steve Hodgson, director of international sales for the Moscow-based producer, said at AMM sister publication Metal Bulletin’s 27th Aluminium Conference in Moscow.....
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