Commodity Market Report

Aluminium outlook - Q3 2021

This report is currently unavailable

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

The medium-term outlook for aluminium will be shaped by the energy transition, rising and volatile power costs and continued growth in demand. Over the short-term, we think supply will become increasingly price inelastic as power rationing and restrictions limits smelter output growth in China. With the capacity cap in China only a few years away, future output growth will become a function of higher utilisation rates. In the rest of the world, as high carbon fuel sources such as coal are removed from electricity generation without a one for one replacement from renewables at the same price, we are likely to see cost inflation for smelters. This is already taking shape in Europe.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Aluminium Outlook Q3 2021.pdf

    PDF 1.17 MB