Published On: Wed, Nov 22nd, 2023

Aluminum 2024 Deep Dive Outlook

Aluminum 2024 Deep Dive Outlook
Aluminum 2024 Deep Dive Outlook



A global aluminum surplus — due to weak demand and projects in Canada, Indonesia and India — is forcing prices lower, with a market bottom potentially coming in 2024. The BI scenario calls for prices to climb in 2025 on an improving demand picture, buoyed by investor flows and Chinese infrastructure stimulus. China Hongqiao could lead western peers Alcoa, Norsk Hydro and Rusal on profitability, given its self-sufficiency in bauxite and alumina and access to cheaper electricity. Watch for China’s March 2024 NPC meeting for policy changes.

Grant Sporre, Senior Industry Analyst, and Rod Turnbull, Research Content Analyst, discuss the new deep-dive report on Aluminum 2024 Outlook.
(Source: Bloomberg)


Source link

Please follow and like us:

🤞 Don’t miss latest news!

Most Popular News