The price of aluminum, which has been depressed owing to a glut in the market, is set to pick up thanks to a pick-up in demand, according to the chief executive of Rusal, one of the world's biggest producers.
Vladislav Soloviev, chief executive of Rusal told CNBC at the St Petersburg Economic Forum in Russia that the metal would finish the year at around $2,000 a ton, "not far off" flat for the year.
"I hope the trend for the dollar to strengthen will change," he added. The strengthening of the U.S. dollar, the currency used to price aluminum and other commodities, has helped send many commodity prices lower this year.
The metal, which closed at $1,675 a ton on Wednesday, has averaged over $2,000 a ton since 2010. This year, Deutsche Bank analysts forecast average prices of $1,780 a ton in the second quarter, rising to $1,950 in the last quarter of 2015.