Citigroup raised aluminum prices for 2022, predicting that the LME spot aluminum price will surge to US$3,400/ton in the next 0-3 months and stabilize at US$3,000-3,100/ton in the next 6-12 months.
The adjustment in price forecast was due to global lower-than-expected average aluminum inventories in 2021-2023.
Citigroup raises aluminum prices for 2022
16 Feb 2022 14:58 reported by Joy Liu
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