UC RUSAL aluminium products registered at SHFE

UC RUSAL announces the Shanghai Futures Exchange registration of RUSAL’s IRKAZ SUAL and RUSAL KH brands produced at the Irkutsk and Khakas aluminium smelters. The aluminium products are now deliverable against the SHFE Aluminium Contract.

The registration at the SHFE represents a significant step in the Company’s strategy to secure its long term presence in the Asian, and in particular, the Chinese market. The aluminium products registered at the SHFE are produced at the smelters in Siberia in direct proximity to China, the world’s biggest aluminium consumer with a 40% share in global aluminium consumption. Presently RUSAL produces 3.5 million tonnes of aluminium per year at its smelters in Siberia, and forecast to grow to over 4.8 million tonnes with the commissioning of the Boguchansky and Taishet smelters. Over 90% of this capacity is low carbon footprint hydro powered and ideally located to support China’s growing aluminium consumption which is expected to reach 30 million tonnes by 2015 from 19 million tonnes this year.

Vladislav Soloviev, UC RUSAL’s First Deputy CEO, commented: “The registration of two RUSAL brands at the Shanghai Futures Exchange represents a good opportunity for a more efficient promotion of our products in China. Growing urbanization and industrial development will continue to drive China’s dominant role in the global aluminium consumption, and RUSAL, as the world’s largest producer of the light metal, is ready to meet this demand.