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Citibank: Aluminum inventories will fall to a historic low within the next 6 to 12 months
Gold Financial reports that on May 19, Citibank predicts aluminum inventories will fall to a historic low within the next 6 to 12 months. Even with weak demand, the aluminum market will experience a supply shortage of nearly 2.7 million tons this year. If the decline in demand is not enough to offset the tight supply, aluminum prices are expected to reach $4,000 per ton within the next three months. In an optimistic scenario, the average price of aluminum in 2027 will reach $5,350 per ton.