November 4, 2022
KEY MESSAGES
-
We see US Sanctions on Russian aluminum as…
-
We don’t see the London Metal Exchange (LME)…
-
As a result, we expect the ongoing contraction in world primary aluminum demand and the resulting growing oversupply to continue in 2023.
-
We see the current underlying bearish trend in LME prices extending over the next few quarters, targeting $… per mton before the end of the year and the $… per mton zone at some point in 2023.