Global tight aluminum supply hard to ease in short term
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Update time : 2021-09-14 20:45:41
The global tight supply of aluminum has pushed the aluminum price to hit the 13-year high this week. However, the supply tightness is hard to ease in the short term, warned by HARBOR's Aluminum Summit held on September 8-10 in Chicago.
Due to surging demand, shipping issues, and production restrictions in Asia, the aluminum price has risen by 48% this year, raising market concerns about inflation, and consumer goods producers are facing shortages of raw material and soaring production costs.
Some attendees said that short supply will continue to next year, and some even believed that the supply problem will need up to five years to be solved.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
