Rusal Expects Aluminium Stock to Remain Tight, Demand ‘Positive’

Nov. 12 （Bloomberg） -- United Co. Rusal said it expects aluminum stocks to remain tight for the “foreseeable future,” with premiums supported at current levels, according to a statement from the company to the Hong Kong stock exchange today.

Rusal estimates aluminum prices to remain at $2,300 a ton in the fourth quarter because of “positive” underlying demand and as the weakness in the U.S. dollar supports investment in physical assets.