Rusal confirms Asia focus, could pressure EU aluminum premiums

Feb 11, 2013 | 11:02 AM | Jethro Wookey

Tags  Rusal, aluminum premiums, Jethro Wookey

LONDON — United Co. Rusal has revealed a continuing focus on Asian markets at the expense of European business in its 2012 production report, which will help maintain the tightness in European markets that has led to record-high aluminum premiums.

Rusal has all but stopped offering duty-unpaid material in Europe other than the material it sells to Glencore International Plc in transactions that began in 2009, and its analysis of global markets shows that it does not see European sales as being any more viable in 2013. ....

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