According to analysts, rising energy costs caused aluminum smelters to generally reduce their production, which is likely to keep aluminum prices at a high level next year.
It was expected that the overall aluminum price will be at roughly US$2,450/ton this year and US$2,300/ton next year. The drop in the 2022 price forecast was due to a slowdown in demand after the strong demand recovery in 2021. However, the fundamentals of demand and supply-side factors will still uphold aluminum prices in 2022.
Analysts: Aluminum prices expected to maintain high in 2022
4 Nov 2021 15:07 reported by Joy Liu
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