Collections of 2017-2018 Aluminum Price Forecasts by Global Major Research Firms

Published: Jun 9, 2017 18:38

Save

Macquarie and Harbor Intelligence expressed pessimism over aluminum prices next year, while Goldman Sachs painted a rosy picture.

SHANGHAI, Jun. 9 (SMM) –Macquarie and Harbor Intelligence expressed pessimism over aluminum prices next year, while Goldman Sachs painted a rosy picture.

Macquarie sees LME aluminum averaging $1,913/tonne in 2017 and $1,806/tonne in 2018.

Chalco Continues Raising Aluminum Prices in Major Markets on June 9

Harbor Intelligence forecasts an average price of $1,670/tonne in 2018, down from the $1,800/tonne it predicts for 2017, citing an increase in supply surplus.

Goldman Sachs expects deficit in aluminum market to expand from 235,000 tonnes in 2017 to 373,000 tonnes in 2018 before turning into a surplus of 34,000 tonnes in 2019. Goldman Sachs sees aluminum prices at $1,942/tonne in 2017 and $1,950/tonne in 2018.

Sino-Foreign Consortium SMB to Ramp Up Bauxite Exports from Guinea

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Aluminum Price Forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Aluminum Flash News] Vietnam’s THACO Plans USD 4.4 Billion Bauxite and Alumina Expansion

Vietnamese industrial group THACO is accelerating plans to expand its bauxite and alumina business in Lam Dong Province with proposed investments worth about USD 4.4 billion. The Lam Dong 2 alumina project, valued at around USD 1.9 billion, is designed to produce 2 million tones of alumina annually, with the first 1 million-tone phase targeted for commissioning by 2030. THACO also plans a USD 2.5 billion bauxite mining project with annual ore extraction capacity of about 12 million tones. In addition, the company is studying downstream industrial parks covering aluminum smelting, titanium processing and chemical production. If approved, the projects could turn Lam Dong into one of Vietnam’s largest integrated aluminum industry hubs.

1 hour ago

[SMM Aluminum Flash News] China Studies Coal Waste as New Source of Critical Metals

China is exploring the recovery of critical metals such as germanium, aluminum, lithium and gallium from coal waste to strengthen domestic strategic mineral supply. Research shows that fly ash and gangue generated during coal mining, washing and combustion may contain recoverable metals used in batteries, semiconductors, electric vehicles and defense industries. With China’s large coal sector and mature industrial network, existing coal washing plants, chemical facilities and power stations could potentially be adapted for metal extraction. However, differences in coal waste composition across regions continue to create challenges for large-scale and standardized recovery.

1 hour ago

[SMM Aluminum Flash News] Audi A8 Helped Drive Aluminum into Mainstream Auto Manufacturing

Aluminum began gaining wider use in vehicle manufacturing in the 1990s when Audi launched the aluminum-bodied A8 to reduce vehicle weight compared with traditional steel designs. To offset the additional weight from its Quattro all-wheel-drive system, Audi developed the Aluminum Space Frame (ASF), allowing the first-generation A8 to weigh about 500 pounds less than a comparable BMW 7 Series. The lighter structure improved handling, fuel efficiency and performance. The success of the A8 later encouraged automakers including Ford and Jaguar to expand aluminum applications, reinforcing aluminum’s growing role in vehicle lightweighting, corrosion resistance and recyclability.

1 hour ago