Aluminum price to rebound in near future
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Update time : 2023-08-14 15:29:20
Century Aluminum CEO expressed his optimism about future aluminum prices, saying that the price would rebound in the near future due to the current low global inventory, which was likely to greatly increase demand and prices.
The COVID-19 epidemic disrupted the aluminum supply and resulted in low global inventories. In addition, the growing demand for aluminum in various industries was expected to support prices. Therefore, the above-mentioned two factors would be the reasons for higher aluminum prices.
Also, some factors such as trade tensions and energy prices would affect future aluminum prices. The aluminum market will continue growing with the recovering global economy and industries’ operations. Aluminum prices will change according to the global market conditions.
