Goldman Sachs foresees rising aluminum prices over next year
Goldman Sachs forecasted that the aluminum price will rise over the next year. The inventory level is going to close to very low levels in the second half of 2023 and 2024, and the growth in aluminum prices will be more obvious. This financial services firm said that the aluminum market has now turned into a short supply.
Goldman Sachs expected that the average price of LME aluminum will be US$4,500/ton in 2024 and US$5,000/ton in 2025.
