Recently, experts from Commerzbank in Germany have put forward a remarkable viewpoint while analyzing the global aluminum market trend: aluminum prices may rise in the coming years due to the slowdown in production growth in major producing countries.
Looking back this year, the London Metal Exchange (LME) aluminum price reached a high of nearly 2800 dollars/ton at the end of May. Although this price is still far below the historical record of more than 4000 dollars set in the spring of 2022 after the Russia-Ukraine conflict, the overall performance of aluminum prices is still relatively stable. Barbara Lambrecht, a commodity analyst at Deutsche Bank, pointed out in a report that since the beginning of this year, aluminum prices have risen by about 6.5%, which is even slightly higher than other metals such as copper.
Lambrecht further predicts that aluminum prices are expected to continue rising in the coming years. She believes that as the growth of aluminum production in major producing countries slows down, the market supply and demand relationship will change, thereby pushing up aluminum prices. Especially in the second half of 2025, aluminum prices are expected to reach around $2800 per ton. This prediction has attracted high attention from the market, as aluminum, as an important raw material for multiple industries, has a significant impact on the global economy due to its price fluctuations.
The widespread use of aluminum has made it a key raw material for multiple industries. Aluminum plays an indispensable role in fields such as aerospace, automotive manufacturing, construction, and electricity. Therefore, fluctuations in aluminum prices not only affect the profits of raw material suppliers and manufacturers, but also have a chain reaction on the entire industry chain. For example, in the automotive manufacturing industry, the rise in aluminum prices may lead to increased production costs for car manufacturers, thereby affecting car prices and consumer purchasing power.
Post time: Jan-03-2025