Citi: Aluminum prices will see the biggest bull market in the past 50 years
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Aluminum prices are expected to surge to $4,000 per ton in the short term and may reach even higher levels in the future. Citibank pointed out that, due to turmoil in the Middle East, global aluminum supply losses have exceeded 3 million tons, directly pushing the market into a structural shortage. Meanwhile, global idle production capacity is nearly zero, and inventories were already at a 55-year historical low. Read more
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