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U.S. ALUMINUM INDUSTRY SEES PROGRESS IN C.I.S. ALUMINUM SITUATION

 WASHINGTON, Oct. 27 /PRNewswire/ -- The Aluminum Association today applauded the U.S. government for its leadership in the first round of multilateral negotiations between the United States, Russia and other aluminum-producing countries to resolve the surge of Russian aluminum exports into western markets.
 "We're pleased with the progress of our government's efforts in this issue," said association president David Parker. "The aluminum industry, historically a free-trade advocate, is now facing a crisis due to the tremendous increase of aluminum flowing into the United States during the transition of the Commonwealth of Independent States (C.I.S.) moving from a production-based economy into a market-based economy.
 "This is a situation that traditional market forces alone cannot correct. Our government is responding and seems to understand the urgency of resolving this issue," he added.
 At the invitation of Russia, the United States and five other aluminum-producing countries met for the first time Oct. 20-21 in Moscow to discuss the current world situation. The parties will meet again Dec. 1-2 in Washington.
 According to association statistics, aluminum exports from the C.I.S. to the United States have grown from historic levels of 1,500 to 2,000 metric tons a year to more than 14,000 metric tons in 1992 and almost 230,000 metric tons in the first seven months of 1993, a 17-fold increase.
 At the Moscow meeting, participating countries discussed options to control the flow of metal coming from the C.I.S., according to U.S. negotiators.
 "The world's supply and demand of aluminum is out of balance," said Parker, referring to the massive increase in exports from the C.I.S. "Multilateral negotiations must find a solution to this problem."
 The Aluminum Association opposes the bilateral agreement which the European Community is pursuing with Russia.
 "We will continue to work with our government to prepare for the December meetings to resolve this critical issue," Parker said.
 The Aluminum Association's member companies are domestic producers of primary and secondary aluminum. Member companies operate 300 plants in 40 states.
 -0- 10/27/93
 /CONTACT: Yvonne Folkerts of the Aluminum Association, 202-862-5161/


CO: The Aluminum Association ST: District of Columbia IN: MNG SU:

KD-MH -- DC022 -- 7304 10/27/93 12:37 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
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