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.
