THE WORLD'S largest aluminium producer UC Rusal yesterday said it expects strong growth in demand from
China this year, as it reported flat first-quarter revenue and a fall in output.
Rusal's aluminium production fell by 2.3 per cent to 883,000 tonnes in the first quarter, which it attributed to mothballed smelters in parts of Russia .
Moscow -headquartered company forecasts global aluminium demand of six per cent this year, with a 10 per cent increase in China , the world's largest consumer of commodities.
"We are seeing positive trends," said chief executive
Oleg Deripaska .
Revenue remained at
$2.1bn (£1.25bn), as the 3.4 per cent decrease in the aluminium price over the period was offset by higher volumes sold and higher average realised premiums.