Aluminium price to rise in 2020 despite surplus

We forecast that the price of aluminium will rise this year even if, as we expect, the market flips from a deficit to a surplus. This is due to our expectation that investors will focus on a more positive backdrop for aluminium demand, amid low inventory levels. What’s more, we think that the data are overstating the extent of 2019’s market deficit.
Kieran Clancy Assistant Commodities Economist
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