Global aluminum demand is expected to grow at least 6% this year. Rusal, estimates that in aluminum consumption huge automobile industry, now contains an average of 150 kg of aluminum, a car a few years ago is 120 kg. Increased at the same time, because the transmission line with aluminium, aluminium demand will also increase in China (China's aluminium demand accounted for 2/5 of the global total. Low interest rates also will stimulate the aluminum financial transactions.

But the industry is still a glut. Outside China, there are 10 million tons of excess capacity. In China, the subsidy policy to stimulate investment in new capacity, but the old factory is not idle. Until this year, China's excess capacity growth can be expected only under control, so the prices are still falling. After in the first quarter rose 1%, prices have been falling to $1886 a tonne, or 8%, on average. Rusal's cash costs $1970 a tonne, this means that only the buyer to pay a premium for fast delivery to make it not be at a loss. In fact, if in cash cost meter, in China, one 5 of global output is produced at a loss. In China, 35% at a loss.

Even as investors focused on low-end manufacturers in the cost curves is not easy, because the huge cash cost differences between different manufacturers. At the same time, the producers can get premium also each are not identical. Aluminum industry is trying to cut production. Russia aluminum or aluminum spare parts factory, China has cut production capacity of 1.2 million tons this year. But if you want to back to normal, business still need to further efforts.