Goldman Sachs Cuts Aluminum Price Target on 3-Month, 6-Month and 1-Year Horizon

Published: Apr 6, 2023 10:34

Save

It was reported on April 5 that Goldman Sachs has revised its forecast for aluminum price target.

It was reported on April 5 that Goldman Sachs has revised its forecast for aluminum price target. The investment bank now sees aluminum prices at $2,650/mt, $2,800/mt and $3,200/mt on a 3-month, 6-month and 1-year horizon respectively, down from its previous forecasts of $2,850/mt, $3,100/mt and $3,750/mt.

Goldman Sachs now expects aluminum prices to average $2,700/mt in 2023, also below its previous forecasts of $3,125/mt.

Market Market

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 for 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

5 hours ago

May 2026 Petroleum Coke Imports: Volume Contraction with Price Spikes, High Costs Persist [SMM Analysis]

According to SMM surveys, although prices from Brazil and Argentina have pulled back slightly, overall price levels remain high. Going forward, the import market will continue to feature diversified sources and persistent differentiation in price spreads by country and product category.

5 hours ago

6 hours ago

[SMM Conference] AASC 2026: Navigating ASEAN EV Transformation at a Strategic Crossroads

6 hours ago

7 hours ago

[SMM Aluminum Flash News] UAE Imposes Four-Month Temporary Export Ban on Certain Aluminum Scrap

The UAE Ministry of Foreign Trade has issued Ministerial Decision No.105 of 2026, introducing a four-month temporary export ban on certain industrial wastes and scrap metals, including aluminum scrap under several HS 7602 codes. The measure takes effect seven working days after issuance, while shipments under previously signed international contracts may apply for exemptions. Aluminum scrap was previously subject to an export fee of AED 100/t (US$27/t). The move reflects the UAE's efforts to retain raw materials domestically and promote local value-added processing, with potential implications for Asian scrap markets, particularly India and South Korea.

7 hours ago