Goldman Sachs: The global aluminum market is expected to remain in surplus

On June 15, Goldman Sachs Commodity Research said in a report that the global demand for aluminum is expected to remain moderate, which in turn will keep the supply in surplus, and aluminum prices are expected to remain at $2,000/ton in the next few months the low end of the range.

Aluminum demand is at its lowest point since the early days of the new crown epidemic, and even if Russian aluminum is shut out of Western markets, the market’s demand for aluminum is still not tight.