Global aluminum market is shifting: facing shortage in 2026, prices aiming for $3000 per ton!

According to the Caijing APP, global aluminum prices have shown strong performance recently, behind which the aluminum market is undergoing a crucial "rebalancing" - gradually shifting from short-term excess to shortage. A recent study by Bank of America pointed out that by 2025, the global aluminum market will still maintain a surplus of 316,000 tons. However, by 2026, this situation will completely reverse, with a supply gap of 292,000 tons, and aluminum prices are also expected to rise to $3000 per ton (about $1.36 per pound) in the fourth quarter of 2026.