Significant Contraction in Global Supply Gives Aluminum Prices Strong Upward Momentum [SMM Aluminum Morning Meeting Summary]
[Significant Global Supply Contraction Gives Aluminum Prices Strong Upward Momentum] Overall, geopolitical tensions in the Middle East remained the core factor affecting the global aluminum market. A series of production cuts and damage incidents at Middle Eastern aluminum plants is expected to provide strong upward momentum for aluminum prices in and outside China, coupled with support from expectations of a gradual release of peak-season demand in China. In the short term, aluminum prices are expected to hold up well.