JP Morgan on Wednesday (March 5) predicted that the global aluminum market would tighten significantly, with a shortage of more than 600,000 tons by 2025, mainly due to a decrease in Chinese supply and US’ new 25% tariffs on aluminum.
The investment banker said in its report that the aluminum price would rise to US$2,850/ton in the fourth quarter of this year to stimulate necessary resumption amid the deficit situations.
JP Morgan foresaw global annual demand growth to reach approximately 2% in 2025 despite facing tariff issues, and it would make the market tighter for the year.
JP Morgan: Global aluminum market to have deficit of over 600,000 tons in 2025
6 Mar 2025 11:36 reported by Joy Liu
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