It was reported in Aluminium International Today’s March/April edition, in an exclusive interview with Mukhamedshin, that Rusal had already signed a Memorandum of Understanding with Chalco and plans to co-operate with the Chinese aluminium giant on research and development projects involving aluminium production technologies and the development of bauxite resources. There are also plans to discuss integrated hydro-powered aluminium production.

According to Mukhamedshin, China is the largest market for Rusal’s products and the country intends to increase consumption by between 9-10%.

Mukhamedshin was a speaker in the opening session of CRU’s recent World Aluminium Conference in London where he told delegates that the global aluminium industry, excluding China, was facing significant over-supply problems and that inventory levels currently stand at between 9-10Mt – twice the level reported at the beginning of the global economic crisis.

For an exclusive Aluminium International Today interview with Oleg Mukhamedshin, visit the features section of this website or the March/April edition of the magazine.