Bank of America: Aluminum price expected to be $3,000/ton in 2025
Views : 37
Update time : 2024-09-24 16:57:08
According to a forecast by Bank of America (BofA), the aluminum price was expected to be US$3,000/ton (US$1.36/lb) in 2025.
Besides, the bank foresaw the global aluminum supply will have an increase of 1.3% next year, much lower than the average annual supply growth of 3.7% over the past ten years, showing that the supply growth of the aluminum market will significantly slow down in the future.
The slowdown in supply growth will make the market more tight and push aluminum prices higher.
Hindalco signs MoU to invest ₹15000 crore in aluminium capacity expansion in Madhya Pradesh
EU expands sanctions on Russian aluminium: industry calls for closing loopholes
Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed
