TThe aluminium market service short term outlook (STO) is published monthly and provides a forecast of aluminium supply and demand fundamentals over the next two-years. LME cash prices finally rallied through the $1,700/t level having tested just below levels for much of the past six weeks. A weaker US dollar and renewed investor interest across all LME base metals were the main drivers for this move. However, very little has changed at a fundamental level. We continue to see rising Chinese output, both restarts and new builds, while global demand growth is expect to remain tepid over the next couple of years. We project the market supply-demand balance to register another few years of comfortable surpluses.