Demand Contraction Has Way to Go, Growing Surplus Ahead

 

KEY MESSAGES

  • Western World and Chinese primary aluminum demand contraction is accelerating.
     

  • Latest primary aluminum production cutbacks in Europe…
     

  • World’s primary aluminum production expansion is set to…
     

  • The world primary aluminum market is now in a balanced position and heading to a…
     

  • Rising odds of a bigger-than-expected demand contraction and market surplus in 2023.
     

  • LME aluminum prices seen falling below $…

 

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