Demand Yet to Exit Contraction Mode, Market Surplus Continues
April 5, 2023
KEY MESSAGES
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World primary aluminum demand continues to contract, as most end-user segments are in...
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We see extended demand weakness ahead amid...
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The world aluminum market experienced in Q1 its...
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World primary aluminum production will regain considerable momentum from...
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The world market remains on track to experience growing surpluses in 2023-2024, of... mton in 2023 and... mton in 2024.
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HARBOR continues to see LME prices with a bearish bias, trading in a short-term range of $... per mton, and targeting levels of $... per mton later in 2023. We expect LME cash prices to average $.. per mton in 2023 and $... per mton in 2024.