Aluminium supply could tighten in 2018, ING says

Primary aluminium supply is expected to be in tight supply this year due to a split in the market between China and the rest of the world, according to a forecast by ING Groep NV.

“We see the potential for the two worlds to diverge: A more isolated surplus in China compared to a tight [London metal Exchange] market with a thirst for ingot,” ING analysts said in a research note dated Monday February 12. “For once, it’s not just all about China.”

The primary aluminium deficit worldwide is growing and even if curtailed Chinese capacity comes back online at a quick rate, growing trade barriers will make it harder for...

Published

February 13, 2018

01:56 GMT