London metal exchange prices, by early 2016, the lowest at about $1450 a tonne, up repeatedly, a recent months generally stabilized above $1700 a tonne, the highest ever closer to $1800 a tonne.
For the price of aluminium in 2017, Mukhamedshin said aluminium had been one of the best performers last year, with prices rising steadily as supply and demand in the global market improved.Aluminium prices are expected to continue rising, and supply and demand will continue until this year.
He added that global aluminum demand rose 5.5 per cent in the first nine months of last year as demand for aluminium in China and around the world was strong.As a result, rusal earlier raised its forecast for global aluminium demand growth last year, to 5.5 per cent per year, or 595m tonnes.Growth was mainly driven by China's demand growth of 7.5 per cent to 31.2 million tonnes, as well as frequent industrial activity in other regions.
On the other hand, global aluminum inventories fell to 49.75 million tons in September, the lowest level since January 2009.The market has also benefited from China's supply-side reforms in the coal, steel and aluminium industries, which have limited output growth and increased costs, as well as support for aluminium prices.
