BofA forecasts an aluminium deficit and firm prices through 2027
BofA Global Research kept a constructive view on aluminium through 2027 because of persistent supply problems and low inventories. The report warns that the market will be in deficit this year and post a small surplus in 2027 due to production in Indonesia.
By aluminio.ar · Based on reporting by Ambito
What you need to know
- The bank expects an aluminium deficit this year and a small surplus in 2027 due to production in Indonesia
- Disruptions in the Middle East and energy prices remain short-term risks
- Investment in electrification, grids and data centres is underpinning industrial demand for metals
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