Commodity Market Report
Global aluminium long-term outlook Q2 2020
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The aluminium metal market service long term outlook (LTO) is published quarterly and provides a detailed forecast of aluminium supply and demand fundamentals out to 2040. Wood Mackenzie’s latest iteration of the global aluminium market balance shows a market that will move into surplus from 2020 onwards. Between 2020 and 2024, we expect a cumulative surplus of more than 2 Mt. This is despite negative production adjustments between 2020 and 2022. Unsurprisingly, our average annual LME price forecast in nominal terms will stay below US$1800/t over the next four years. The message is clear, from the starting point of 2019, producers will need to make production cuts over and above our implied cuts to bring the market back towards balance.
Table of contents
- Primary aluminium market outlook
- Scenario analysis
- Alumina market outlook
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Country Report
Global aluminium smelter asset cost summary
The Global Aluminium Asset Summary examines the cost environment in the base year as well as historically and forward five years.
$6,750
Insight
Analysing post-combustion CO2 capture methods: Technology providers tout advances, but can they meaningfully reduce costs?
An assessment of next-generation post-combustion CO2 capture technologies and their long-term cost impacts
$1,250
Insight
One year of Trump: for better or worse? The CCUS story
CCUS under Trump: policy shifts, market resilience, and what’s next.
$1,250
