Bloomberg News

Russia Forecasts Aluminum Exports at Pre-Crisis Level in 2012

October 02, 2009

Russian aluminum and nickel exports will surpass last year’s pre-crisis level in 2012 as the global economy recovers, the Economy Ministry said.

Aluminum exports will be 3.83 million metric tons in 2012, compared with last year’s 3.80 million tons, the ministry said in a report posted on its Web site yesterday. Russia’s only aluminum exporter is billionaire Oleg Deripaska’s United Co. Rusal.

Foreign sales of nickel, mainly exported by OAO GMK Norilsk Nickel, may rise to 265,000 tons in 2012, compared with 225,000 tons last year, according to the report.

The price of copper will advance to between $6,070 and $7,350 per ton by the end of next year and between $6,400 and $8,900 per ton in 2012, according to the report. It gave no forecast for copper output. The metal for three-month delivery traded at $5,923 a ton on the London Metal Exchange at 11:42 a.m. local time today.

To contact the reporter on this story: Yuriy Humber in Moscow at yhumber@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net


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