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 performing commodities of the past year, with prices rising steadily as supply and demand improved in the global market.Aluminium prices are expected to continue to rise, 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, thanks to strong demand from China and around the world.As a result, rusal has already raised its forecast for global aluminium demand growth last year to 5.5 per cent a year, or 59.5 million tonnes.The increase was mainly due to 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 stocks fell to 495,000 tonnes in September, the lowest level since January 2009.The market has also benefited from China's supply-side reforms in coal, steel and aluminium industries, which have limited production growth and increased costs, as well as support for aluminium prices.
