Prime Tass quoted UC Rusal as saying that consumption of aluminum in Russia and CIS will grow by 22% to 979,000 tonnes in 2011 compared to the forecast for 2010, first of all due to further development of machine manufacturing, construction and packaging industries.
According to the forecast of RUSAL, sales of aluminum in Russia and CIS countries will grow by 22% in the next year in connection with firm growth of the markets while export of aluminum to reduce by 100,000 to 150,000 tonnes. For 2010 the company expects aluminum consumption in Russia and CIS to boost generally to 51% to 800,000 tonnes compared to 531,000 tonnes in 2009.
RUSAL forecast that cumulative annual growth of demand for aluminum in Russia from 2011 to 2015 at the level of 8%. Aluminum prices will remain at the same level USD 2300 per tonne till the end of 2010 due to high demand and also in account of going on weakening of US dollar exchange ratio which stimulates investors to prefer commodities markets.
（Sourced from Prime Tass）
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