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Industrial aluminum giant party: automobile industry leading global industrial aluminum demand is expected to increase 5 this year. 4% | | industry information
industrial aluminum giant party: automobile industry leading global industrial aluminum demand is expected to increase 5 this year. The global aluminum industry giants - 4% Russia's industrial aluminum industry co. , LTD. ( Rusal） On Thursday, according to the core of the second quarter revenues sharply reduced nearly 40%, the main reason lies in the international industrial aluminium profile, low price, the company said is expected in the second half will be very difficult. Also said Russia's industrial aluminum industry, the company will focus on debt reduction, and continue to increase the sale of high value-added products. The first half of 2016, the company said its general sales come from sales of high value-added products. The company's chief executive, Vladislav Soloviev said in a statement, looking to the future, is expected in the second half, industrial aluminum, continue to face pressure. Expected this year, he said, global industrial aluminum demand is expected to increase by 5. 4% to 59. 5 million tons, and automobile manufacturing industry demands will lead the industrial aluminum demand. While China's industrial aluminum production and semi-finished industrial aluminum exports decline will lead to global industrial aluminium profile, material supply and demand gap of about 1 million tons this year. Since the beginning of the year, the international industrial aluminum price has risen by about 11%, but is still weak.