Russia’s RUSAL CEO sees low aluminum prices in years to come

MOSCOW, Jan 20 (PRIME) -- Aluminum prices are likely to remain low in years to come, Russian aluminum giant RUSAL CEO Oleg Deripaska said in an interview with Rossiya 24 TV channel on Wednesday.

“Not soon. The volume (of aluminum on the market) is very big,” he said when asked when aluminum prices will rise.

Prices for aluminum fell to record lows since the early 1990s and are unlikely to fall further, but the unfavorable situation on raw material markets may remain for a long time.

Deripaska believes that prices for raw materials, including oil, are unlikely to rise soon, but the Russian economy may be backed in 2016 by growing exports after the ruble devaluation.

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