Research on the Supply Chain of Aluminum Anti-collision Beams for Automobiles

Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles

Aluminum Wire Supplier Screening 

Cost Analysis of AL Extrusion for Target Units

Cost Analysis Of AL Extrusion For Target Units

Research on the Sustainable Development Layout of key Players(Foil, Roll, Plate)

Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)

Optimization of Purchasing Cost for Casting Alloys

Optimization Of Purchasing Cost For Casting Alloys

Home

Metal News

Copper, Aluminum to Decline Through Next Year, Brook Hunt Says

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE

3rd Li-ion Battery Europe 2025

2025 NET ZERO EUROPE - Solar & Energy Storage Summit

2025 SMM Europe Lithium & New Energy Field Trip

Copper Jumps to Five-Week High as Miners Strike, Dollar Slips

LONDON, Oct. 20 -- Copper and aluminum prices will likely drop through next year because supply will outpace demand, researcher Brook Hunt &amp; Associates Ltd. said.
&nbsp;&nbsp;&nbsp; Copper for immediate delivery will average $5,300 a metric ton next year, 15 percent below the Oct. 16 closing price on the London Metal Exchange, Julian Kettle, a Brook Hunt analyst, said in an interview in London. Aluminum will average $1,700 next year, or 9 percent less than the Oct. 16 closing price, he said.
&nbsp;&nbsp;&nbsp; Benchmark copper prices on the LME more than doubled this year as China imported record amounts of metal in the first half. Copper supply will outpace demand by 600,000 metric tons this year and 500,000 tons next year, Brook Hunt estimates.
&nbsp;&nbsp;&nbsp; &quot;It is beyond that that we see there is a potential for copper prices to rise higher because of a shortage of projects,&quot; Kettle said Oct. 16.
&nbsp;&nbsp;&nbsp; Aluminum supply may outpace demand by 1.7 million tons this year, rising to 2.5 million tons next year, he said. Lead, zinc and nickel are also expected to decline from the most recent price through 2010, Kettle said.
&nbsp;&nbsp;&nbsp; &quot;There is a structural overcapacity in all the metals, except for copper,&quot; he said.
&nbsp;&nbsp;&nbsp; (Source: Bloomberg) 
&nbsp;

Copper, Aluminum to Decline Through Next Year, Brook Hunt Says

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE