31.03.2015 - Natixis forecasts LME aluminium to average $1,840/mt in 2015
French bank Natixis said Monday that it expects the LME aluminium price to average around $1,840/mt in 2015, moving up to trade higher in 2016 and average around $2,000/mt. "Our analysis of the aluminium market suggests a tug of war over the coming years between positive and negative factors," the bank said in its metals review for the first half of 2015. Bullish factors include: strong demand driven by rapid growth of the automotive sector, a shortage of bauxite that is expected to raise the cost of alumina, limited excess supply from China, and a shift away by producers from the expansion of primary aluminium supply to focus instead on captive power, bauxite/alumina and value-added products...............................................Full Article: Source
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