Rusal’s Itskov blames China for oversupply of aluminum
Mar 15, 2013 | 12:05 PM
| Jethro Wookey
Tags
Yakof Itskov,
Rusal,
aluminum overproduction,
Metal Bulletin's 19th Bauxite and Aluminum Conference,
Jethro Wookey
MIAMI — Overproduction in the global aluminum market that has led to low prices is mostly concentrated in China, according to United Co. Rusal’s director of supplies and logistics, Yakov Itskov.
China accounts for about 44 percent of the world’s rapidly growing aluminum consumption, but prices remain low due to overproduction and overcapacity in the country, Itskov said at AMM sister publication Metal Bulletin’s 19th Bauxite and Alumina Conference....
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