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JP Morgan predicts global aluminium deficit to exceed 600,000 tons in 2025

ReutersMar 5, 2025 11:17 AM

- JP Morgan predicted a severe tightening of the global aluminium market, with a deficit surpassing over 600,000 metric tons by 2025, driven by a slowdown in supply growth mirroring China's recent struggles.

"We still think deficit fundamentals continue to point towards aluminum prices trading higher to $2,850/mt in 4Q25 in order to stimulate needed restarts," the bank said in a note on Wednesday.

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