Results for: Price Forecast

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.

Citigroup analysts predict that oil prices could plummet to $60 per barrel by 2025 if OPEC+ doesn’t further cut production. Increased supply from non-OPEC countries and waning demand are contributing factors. The bank recommends selling oil when prices approach $80 per barrel.

UBS has adjusted its price forecast for metallurgical coal in 2024, reducing its hard coking coal (HCC) price prediction to $265 per tonne. Despite this short-term reduction, UBS remains optimistic about the medium and long-term prospects for metallurgical coal, anticipating a price recovery in the second half of 2024 driven by increased Chinese steel production and a rise in demand from India. The firm has also raised its medium and long-term forecasts for premium low-volatility (PLV) HCC due to anticipated cost increases and lack of investment in supply infrastructure.