Russia's deputy chief executive of aluminum OlegMukhamedshin expectations, aluminum prices downturn in earlier this year a reversal, the reason for the world's large producers announced cut aluminum production capacity, China semi-finished products exit also sharply reduce, there is a shortage of aluminum materials this year will be more than 300000 tons.

Mukhamedshin said in an interview, global aluminum demand growth by more than 5.6% last year, 6% less than expected, the reason is that Japan, Russia and South America weak demand than expected, offset and India's strong growth in North America. He had expected, aluminum demand growth will slow down slightly to 5.3% this year, the next two to three years at 5% level.

Aluminum has a chance to go out of the bottom, however, a lot of aluminum companies in China is faced with severe situation. Mainland at present there are still many recorded losses of inefficient aluminum enterprises, rely on government subsidies to continue production, continuous overcapacity. Mukhamedshin refers to the fact that too much inventory uneven, weakening demand and production, many Chinese manufacturers have faced unprofitable.

Mukhamedshin said, as the local government subsidies to support the inefficiency and low income of small and medium-sized aluminum prices, coupled with last year, China aluminum enterprises between 14 to 4.91 million tons, and notice no longer restart has shut down production capacity, believe that China's aluminium of excess production capacity will be alleviated. He expected at the same time, China's aluminium semi-finished products exports to normal levels of from 270000 to 280000 tons per month, is expected to China's aluminium demand growth this year to maintain 6.5% to 7% level.