Top world aluminium producer UC RUSAL, which has so far resisted calls for global production cuts to deal with oversupply and price declines, can cope with price levels as low as USD 1,900 per tonne.

The company said that "Despite weak aluminium demand growth in some regions during the past six months, it remains well above the 2009 recession levels. However, uncertainties seen in 2011 will continue to dominate the outlook for the metal markets in the months to come.”

It added it was dealing with cost pressure from rising power prices as well as falling prices "As of today, even though it is difficult, RUSAL smelters can work with USD 1900 per tonne."

(Sourced from Thomson Reuters)