Rebound in Chinese demand to boost aluminium prices in 2019, BMO says

Resurgent demand in China for aluminium was expected to increase prices for the metal in 2019, coming against restricted growth in supply volumes, analysts at BMO Capital Markets said this week.

The London Metal Exchange 3-month aluminium price started trading in 2019 at $1,858.50 per tonne, the lowest level since February 2018. But prices could be due to rebound, BMO analysts including Colin Hamilton said in a report published on Wednesday January 9. Chinese investment was set to boost a demand side which fell short of expectations in 2018. “Aluminium has had a continuing demand problem, but is well positioned to see growth...

Published

Amy Hinton

January 10, 2019

16:52 GMT

London