基础金属-铝：将看空价格预测推迟至 2026 年第四季度，低点为每吨 2350 美元-Base Metals Analyst_ Aluminium_ Delaying Our Bearish Price Forecast to a Low of $2,350_t in Q4 2026

c45a43530f604d12bcb9a82b5aa6b9f6 n We delay our bearish aluminium price forecast, now expecting the LME price to decline from $2,700/t currently to a low of $2,350/t in Q4 2026 (vs. prior forecast low of $2,100/t in March 2026). n Our expectations of slowing demand growth and cost deflation are playing out, and the market turned to a modest surplus in Q3. However, we expect still relatively low visible inventory, US Fed rate cuts, and a higher copper price to keep aluminium prices supported through to the e ...