Aluminum Demand Destruction and Booming Production

 

KEY MESSAGES

  • So far, no Russian aluminum exports have been sanctioned nor restricted amid the current geopolitical crisis.

  • If Russian aluminum exports were to be disrupted or sanctioned…

  • World’s total aluminum production (primary and secondary) booming in…

  • Given record-high LME aluminum prices and product premiums, an export arbitrage…

  • As things stand, HARBOR continues to forecast…

  • In fact, signs of aluminum demand destruction are…

  • Range of possible near-term outcomes for LME prices still wide, but from current record levels, we continue to see…

 

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