SHANGHAI, Sept. 14 (SMM) – Deutsche Bank sees higher aluminum price next year since supply will turn tight.
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Global aluminum supply will turn into a deficit from H2 2017 to 2019 along with capacity cuts in China and discipline by overseas producers.
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The bank raised forecast for next year’s aluminum prices by 12% to￠94/lb and expects aluminum prices to be well supported before winter cuts in China come to an end in March 2018.
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