Yuefeng Aluminum: It is expected that the future supply of electrolytic aluminum will be more tight
May 22, 2024
Yuefeng Aluminum said in the institutional research that it is expected that in the next decade, China's electrolytic aluminum will be affected by global economic development, population growth, the rise of emerging markets and other factors, and with the application of aluminum products in the field of new energy and high-end manufacturing, the demand for electrolytic aluminum will continue to increase, and it is expected that by 2028, China's electrolytic aluminum consumption will reach more than 43 million tons. The relationship between supply and demand is one of the important factors affecting the price of electrolytic aluminum. With the implementation of the supply-side reform of electrolytic aluminum in China and the slow growth of electrolytic aluminum production in other parts of the world, the supply of electrolytic aluminum is expected to be more tight in the future. The future long-term price trend of aluminum ingots is optimistic, with the implementation of global loose monetary policy, raw material prices and labor costs rise, all support aluminum prices in a reasonable profit margin.
