My subscription
My Subscription All Publications

End of decade to herald a new dawn for aluminium

We expect the aluminium market in the decade ahead to be characterised by stubbornly low prices, as economic growth in top consumer China eventually slows and begins to drag on demand. But as consumption in other emerging markets increases and the adoption of electric vehicles becomes more widespread, we think that the aluminium price will start to pick up towards the end of the decade.
Kieran Clancy Assistant Commodities Economist
Continue reading

More from Metals

Precious Metals Update

Gold’s lustre to return in 2023

Having fallen sharply in Q2, we think that the gold price is now close to a cyclical trough. What’s more, the price should revive a little in 2023 as markets factor in the prospect of US monetary tightening.

3 August 2022

Metals Data Response

Global Steel Production (June)

Global steel production growth slowed in June as higher power costs in advanced economies contributed to lower output there. By contrast, the decline in China’s output slowed slightly. Overall, we expect global steel production to grow at a snail’s pace of less than 1% this year.

22 July 2022

Metals Data Response

Global Aluminium Production (Jun.)

Global aluminium production ticked up again in June, but the increase was not sufficient to explain the plunge in prices last month. Base effects will mean that China’s production growth will accelerate in the second half of this year, but supply will remain relatively constrained at a global level, which should eventually help to put a floor under prices.

20 July 2022

More from Kieran Clancy

Industrial Metals Update

Detailed China trade data highlight supply risks

The breakdown of China’s trade data for May shows that the recovery in imports of scrap and tin ore has hit a few stumbling blocks. Were these issues to persist, they could help to put a floor under prices even if, as we expect, the decline in demand for refined metal in China continues.

1 July 2021

Energy Update

Restocking boost to LNG prices to fade soon

After rising (and falling) sharply at the start of the year, Asia LNG prices have started to push higher again recently. This latest rise seems to have been driven by a rebuilding of stocks, which should run its course over the coming months. That said, the outlook for spot Asia LNG prices further ahead remains bright.

9 June 2021

Energy Data Response

US Weekly Petroleum Status Report

US commercial crude stocks declined for the fifth week in a row, owing to the robust economic recovery and a further increase in inputs to refineries. With demand set to rise further, and few signs of a rebound in domestic production, crude stocks should continue to fall in the weeks ahead.

3 June 2021
↑ Back to top