Goldman Sachs: Aluminum prices are expected to fall to an average monthly low of $2,000 per ton in Q3 this year
April 17, 2025
Goldman Sachs expects the global aluminum market to have a surplus of 580,000 tons in 2025 (previously it expected a shortage of 76,000 tons). Aluminum prices are expected to fall to an average monthly low of $2,000 per ton by the third quarter of 2025, are expected to recover to $2,300 per ton by December 2025, and are expected to reach $2,720 per ton by December 2026 (previously forecast at $3,100 per ton), And forecast an average aluminum price of $2,800 per ton in 2027, the market will face a supply gap of 722,000 tons.
