It’s reported the industry experts have predicted that the average aluminum prices might have good chances to increase by around US$150/ton in this year and next year as results of short supply of aluminum and smelter capacity reduction in China while the consumption demand in the developed countries such as Europe and North America also are expected to raise in the coming years.
The US is expected to demand more aluminum amid Donald Trump’s planned to inject one trillion dollars in US infrastructure. It said the prices would keep on moving in the upward trend. China has laid out plans to cut pollution in its northern provinces starting in October, just as the ruling Communist Party was set to hold its 19th party congress, which would announce a new generation of leaders. That was raising the hope that ordered cuts to aluminum and steel output would be enforced, supporting prices.
Aluminum prices expect to soar in 2018-2019
8 Jan 2018 15:30 reported by Mike Lo
- A
- A
- A