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Citi said aluminum prices will rise 8% to 10% in the next 6-12 months

2018-09-28 09:43:00 EAST UNITED ALUMINUM LTD

The team led by Citigroup analyst Max Layton said that aluminum prices are expected to climb due to high production costs, raw material restrictions and sufficient stocks, and limited production growth in China, which is expected to lead to tight aluminum markets outside China.

The average spot price for the London Metal Exchange in 2019 and 2020 is forecast at $2,225/tonne and $2,350/tonne, respectively.

News Date:Sep 28th,2018    Reported by Vanessa

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