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State Unitary Enterprise

Industry

Aluminum is the most widespread metal (8.8%) in the crust. In metallurgy it is second only to iron, so that it is of great importance for the world economy. Aluminum is produced more than all other non-ferrous metals taken together. That is why the aluminum industry is the leading sector of non-ferrous metallurgy. 

Global aluminum market steadily continues to grow. This is because aluminum is the leading construction material and due to its physicochemical properties has good prospects for the future. Low specific weight, high corrosion and heat resistance, easy molding and processing, fire resistance, high electrical conductivity, high recyclability combined with large reserves of raw materials and low cost for aluminum in comparison with other metals make it widely applicable in all economic sectors including aircraft and automobile building, packaging industry, industrial and residential construction. However, the economic crisis of 2008 led to that the world key consumers of the metal such as transport and construction temporary, but dramatically reduced the demand for aluminum. Aluminum producers did not respond to the slump in demand by corresponding production slowdown, as a result, a substantial excess of the metal formed at warehouses that continues to this day and exert a strong pressure on the world prices for aluminum.

Aluminum consumption in developed countries is well corresponds with the growth of their economies. In this regard, it can be assumed that even under a pessimistic scenario, the average annual growth rate of aluminum consumption in developed countries up to 2015 will not be less than 1 - 1.5%, and under an optimistic - not less than 2.5% per year. 

Long-term trends in the aluminum market are the increase in production and consumption of primary aluminum and sufficiently stable annual rates over an extended period of time.