Results for: Inventory Shortage

Goldman Sachs forecasts a surge in aluminum prices due to an anticipated inventory shortage, fueled by the global shift towards renewable energy and electric vehicles. The investment bank predicts prices could reach $4,500 per metric ton in 2024 and $5,000 in 2025. Concerns over a potential shortage are echoed by Australia, a major aluminum exporter, who has warned about rising costs and regulatory delays hindering production. This could create price volatility and impact the global aluminum market.