Xin Lang Cai Jing·2025-10-28 00:07Core Viewpoint - The global supply growth of electrolytic aluminum is expected to slow significantly to only 1.9% next year, while demand is projected to grow at around 2.3%, leading to an increasing supply-demand gap of approximately 800,000 tons, which may push LME aluminum prices above $3,200 per ton next year [1] Supply Side Summary - Global electrolytic aluminum supply growth is forecasted at 1.9% for next year, indicating a substantial slowdown compared to the growth rate in 2024/2025 [1] Demand Side Summary - The demand for aluminum is anticipated to grow by about 2.3% next year, driven by a recovery in the global manufacturing sector [1] Price Outlook Summary - The overall supply-demand gap is expected to widen to 800,000 tons, which could result in LME aluminum prices rising to over $3,200 per ton in the coming year [1]