Rusal to ‘significantly’ increase aluminium sales to China
Rusal plans to ‘significantly’ increase aluminium sales to China in 2022, the company has said.
The Russian company is the largest producer of aluminium outside China and will supply 300,000-400,000 mt to the country in 2021.
This is the same level as 2020 but there is plans to increase this number in future.
The company’s head of sales in Russia, CIS and China, Roman Andryushin, said that sales will significantly increase.
He added that Rusal’s total aluminium production will increase to around 4.3 million mt in 2022 due to the planned commissioning of the Taishet smelter.
Rusal’s production in 2020 stood at 3.8 million mt. Andryushin expects the global aluminium market to have a shortfall of more than 1.5 million mt this year, compared to 1.4 million mt in 2020.
China is the world’s largest aluminium producer and usually has little demand for overseas supplies, but the domestic demand recovered quickly after the COVID-19 pandemic, meaning that China had to import a record amount of aluminium last year.
The global aluminium shortage has pushed the prices up to the highest level since July 2008.