The world's largest aluminum producer - the first vice president of administration Rusal Vladislav Soludo Weiye Fu recently in an interview with this reporter , said that with a substantial reduction in the global economy gradually pick up and aluminum production, global aluminum City of supply and demand become more balanced . But the next few years , the global aluminum production will remain cut trend. According to Rusal forecasts, global aluminum prices now stands at its lowest point . If we consider only the supply and demand factor, global aluminum prices in 2014 expected to be around $ 2,000 per ton in 2015 and 2016 , respectively, rose to $ 2,250 and $ 2,400 per ton .
Soludo Weiye Fu said that in 2013 the global primary aluminum consumption is expected to grow by 6 % to 51.2 million tons . This forecast is based on the good momentum in key markets . Among them, China 's consumption growth rate of 10 percent ranked first in key markets , India, Asia (excluding China and India ) and North America , respectively 6%, 5 %, 4 % growth followed , even in Europe the growth rate will reach 1.5%. From 2013 to 2015, global aluminum consumption ( excluding China ) compound annual growth rate will reach 4% , representing an increase of 2 million tons per year. From the fourth quarter of 2013 , the global aluminum market ( excluding China ) and even for less than the demand trend. For the whole of 2013 , the global aluminum market ( excluding China ) is expected to supply 429,000 tons less than demand , in 2014 and 2015 was 1.3 million tons annually , and further increased to 1.9 million tons and 2.4 million in 2016 and 2017 tons.
The outbreak of the international financial crisis has brought serious challenges to the global aluminum industry , Alcoa markets make major changes . 2013 , in response to serious excess global capacity , aluminum prices tumbled trend, Rusal suspended lowest productivity European smelters cut aluminum output 324,700 tons , equivalent to 2012 with an annual capacity of 8%. Soludo Weiye Fu said that aluminum producers To fully recover from the impact of the international financial crisis, must be limited market supply. Despite the global aluminum market ( excluding China ) for less than the demand trend has emerged , but still need to continue to cut aluminum production . 2013 , Russia will further cut 647,500 tons of aluminum . 2012 and 2013 , due to the global phenomenon of many smelters closed emerging global aluminum production capacity ( excluding China ) were reduced by 1.4 million tons and 1.2 million tons . He expects this trend to continue in 2014 , global aluminum production capacity ( excluding China ) further reduced by 1 to 1.5 million tons .
Soludo Weiye Fu said that 10 years ago, China 's aluminum consumption is only 300 tons. But with the construction of infrastructure , the development of the automobile industry and the increase in demand for home appliances in rural areas , China 's aluminum consumption demand soared. Currently, China is the world's largest consumer of aluminum , in 2013 consumption was 25 million tons , accounting for 46 % of global consumption. At the same time , China 's aluminum production is also growing. China is now the world's aluminum production to improve the main driving force , aluminum production accounts for 40% of the world total. China 's aluminum overcapacity caused business losses, aluminum prices fell. Soludo Weiye Fu also believe that it helps only a scientific supply aluminum market rebound .