（Reuters） - Aluminum prices will rise at least 12 percent by the year-end to $2,400 per tonne on strong demand from Asia, the chief executive of RUSAL, the world's top aluminum producer, said on Tuesday.
Oleg Deripaska told the Reuters Russia Investment Summit he saw no reason to merge RUSAL 0486.KH with major nickel producer Norilsk Nickel （GMKN.MM）, in which RUSAL is a 25 percent shareholder, until aluminum prices recover.
"Not at the moment. It is not in the interest of RUSAL shareholders. We will wait when aluminum is properly priced and then we will see," he said.
He said he would not sell out of Norilsk despite his dispute with another 25 percent co-owner Vladimir Potanin and added the row could be ultimately solved without state intervention.
（Reporting by Polina Devitt, Dmitry Zhdannikov, Melissa Akin, Alfred Kueppers; Editing by Hans Peters）
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