JPMorgan Chase: Aluminum and copper to have V-shaped recovery by end-2025
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Update time : 2024-11-27 16:02:08
JPMorgan Chase, one of the largest financial services companies in the world, predicted that nickel prices will fluctuate around US$16,000 per ton in 2025, and aluminum prices are expected to rise to US$2,850 per ton in the second half of the year.
The medium-term fundamentals of aluminum and copper are bullish, and a V-shaped recovery may occur by the end of 2025, reflecting the market's optimistic expectations for demand growth.
The global economic recovery and the rise of emerging markets will continue to drive metal demand and support prices.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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