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Chinanews, Shanghai, August 31 – According to the sales director of UC RUSAL, the biggest aluminum1 and alumina producer in the world, China might become a net aluminum importer by 2010, with the great demand for aluminum products in its domestic market increasing continuously
Besides China, Russia, India and Brazil all have a great demand for aluminum, as the prices of steel and zinc2 have greatly increased. Aluminum products are ecologically friendly, for it is easy to recycle them. It is estimated that the need for aluminum of the four countries mentioned above will increase 5.5% annually3 in the future, while the demand of the global market will increase by 3.6%. By 2010, about 36% of aluminum products will be consumed in China, and the current proportion is 25%. UC RUSAL has not formally entered the Chinese market, for the aluminum price here is lower than in London Gold Exchange. It is planning to enter the market 3 years from now, when there will be a great gap between demand and supply.
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