Supply risks, demand lift aluminium price outlook

BMI Raises Aluminium Price Forecast Amid Global Supply Concerns

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BMI, a Fitch Solutions company, has raised its aluminium price forecast for 2026 to $3,100 per tonne, up from its earlier estimate of $2,900 per tonne, citing rising supply risks and firm global demand for the base metal.

BMI said the ongoing conflict between the United States and Iran has heightened concerns about aluminium supply disruptions, particularly in West Asia, which accounts for roughly 8% of global primary aluminium production, Informist reported on Thursday.