Russian aluminium giant Rusal is considering supply of more low-carbon aluminium to China due to surging demand for the metal from electric vehicle companies. Rusal Shanghai Economic & Trade Company Vice-President Mr Huang Wenqian was quoted by Reuters as saying “We are very optimistic about China’s low-carbon demand.”Rusal is offering premium of between USD 20 and USD 40 for each tonne of its low-carbon product at spot prices in China. The aluminium contract prices listed on the London Metals Exchange in Europe are as much as USD 60 per tonne. Each year, the Russian company sells 400,000 to 500,000 tonnes of aluminium into China, marking a large share of the Asian country’s imports of 1.58 million tonnes.Rusal has annual aluminium production capacity of four million tonnes, majority being low-carbon with no more than four tonnes of CO2 emissions.
Russian aluminium giant Rusal is considering supply of more low-carbon aluminium to China due to surging demand for the metal from electric vehicle companies. Rusal Shanghai Economic & Trade Company Vice-President Mr Huang Wenqian was quoted by Reuters as saying “We are very optimistic about China’s low-carbon demand.”Rusal is offering premium of between USD 20 and USD 40 for each tonne of its low-carbon product at spot prices in China. The aluminium contract prices listed on the London Metals Exchange in Europe are as much as USD 60 per tonne. Each year, the Russian company sells 400,000 to 500,000 tonnes of aluminium into China, marking a large share of the Asian country’s imports of 1.58 million tonnes.Rusal has annual aluminium production capacity of four million tonnes, majority being low-carbon with no more than four tonnes of CO2 emissions.
