RUSSIA AIMS TO CREATE ALUMINIUM OPEC WITH SUPPORT OF GULF PRODUCERS
July 1st, 2017
Russia and three Gulf countries are planning to establish an aluminium industry association whose goal is reducing overproduction in the global market, raising prices for the metal.
Despite the ongoing diplomatic standoff between Qatar and its neighbours, the Russian government says it has already started talks with the governments of Bahrain, the United Arab Emirates (UAE) and Qatar, regarding establishing the new association. Sergey Tsyb, Russia’s deputy minister of industry and trade, said an Association of Aluminium Producers of Russia and Gulf States ...
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