Aluminum Surplus, Demand Contraction, and Supply Expansions Ahead
February 1, 2023
KEY MESSAGES
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Physical demand for aluminum (extrusions, flat-rolled products, as well as primary and scrap units) is contracting across the...
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We continue to see a limited recovery in...
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Production of primary aluminum remains set to...
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World’s primary aluminum market in a surplus position since late 2022 amid...
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Weakening fundamentals signal lower LME prices in the coming quarters. HARBOR sees LME prices retracing toward $...