Russia’s Minister of Trade and Industry Denis Manturov suggested in late February that formation of an Organization of the Petroleum Exporting Countries (OPEC)-type international association might be useful for the aluminum industry. The suggestion is included in a report by the Russian news agency TASS.
Speaking on the sidelines of a Russian Investment Forum, Manturov said, “This is at the proposal stage so far. We would like it to be similar to the OPEC, so that the organization would function with direct government participation and government representatives, industry ministers in particular.
“Even an association will suffice for the first stage. Most important is that all nations that are main producers and exporters of primary aluminum agree upon principles of common policy in the field of standards and technologies.”