Citi: Global aluminum demand to rise by 6.4% in 2021
Citi analysts expected in their report that the global aluminum demand will rise by 6.4% in 2021 compared to the previous year, reaching 68 million tons. The figure will increase by 4.6% in 2022 to nearly 71 million tons.
It was expected that there will be an oversupply of 720,000 tons of aluminum this year, while a shortage of 590,000 tons will be shown in 2022.
According to Citi’s report, China’s aluminum production has a possibility of interruption before the country reaches the annual output ceiling of 45 million tons.
