Aluminium: 5 things to look for in 2023

Predictions for the year ahead

1 minute read

In this year’s report:  

2022 was anything but dull for the aluminium market with the war in Ukraine, surging power prices, China’s stop-start economy and slowing metal demand growth. The LME price halved from a high of US$4000/t in March to a low of US$2079/t in September. 2023 looks set for more of the same, with significant challenges ahead for market participants across the value chain.   

Drawing on insight from our Aluminium Research Suite, this report picks out key themes that need close attention in the way that they could shape the market. 

This includes:  

  • Renewable power making inroads into the aluminium industry: the question is not ‘if’ but ‘how fast?’ 
  • Greater uncertainty for China aluminium smelter restarts 
  • Elevated risk of substantial alumina cutbacks on high costs and oversupply 
  • And more.  

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