Aluminum Demand Rose
- Oct 15, 2018 -


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Citi said aluminum prices will rise 8% to 10% in the next 6-12 months.


The team led by Citigroup analyst Max Layton said that aluminum prices are expected to climb due to high production costs, raw material restrictions and sufficient stocks, and limited production growth in China, which is expected to lead to tight aluminum markets outside China.


LME aluminum stocks fell below 1 million tons for the first time in more than a decade.


LME data showed that on September 26, LME aluminum stocks fell below 1 million tons, the first time since May 2008. The data shows that aluminum stocks fell by 6,850 tons to 999,925 tons. Robust demand has driven LME aluminum stocks to decline in recent years.

 


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