Goldman Sachs: Aluminum Prices Expected to Reach $2,300 per mt by December

On Monday, April 14, Goldman Sachs stated in a report that aluminum prices are expected to reach $2,300 per mt by December.

Goldman Sachs also forecasts a global aluminum market supply surplus of 580,000 mt this year, compared to its previous prediction of a 76,000 mt shortage.

The bank also predicts that aluminum prices will drop to an average of $2,000 per mt in Q3 2025.

The investment bank forecasts that aluminum prices will reach $2,720 per mt by December 2026, lower than the previous prediction of $3,100, and the average aluminum price in 2027 is expected to be $2,800 per mt, with the market likely to fall into a supply surplus by then.