NEW YORK -- Russian Aluminum, the third-largest primary aluminum producer in the world, expects the 2007 aluminum market to be nearly balanced, with demand remaining robust and no major supply issues on the horizon.
"My view is that the [aluminum] market will be relatively in balance, which is kind of boring. There's not going to be any big surplus. All indications we've seen tell me demand will be firm, supply will meet demand, and no major changes," said Peter Finnimore, RusAl's global head of primary metal sales.
"All the analysts' reports I read say plus or minus 200,000 tons, which basically tells me it's in balance. In a 35-million-ton market, 200,000 tons is neither here nor there."
RusAl's pending merger with smaller Russian rival SUAL is set to close in April and would boost the aluminum maker's total primary output to 4 million tons per year.
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