News > Goldman raises aluminum forecasts on higher Chinese and European demand

Goldman raises aluminum forecasts on higher Chinese and European demand

Goldman Sachs Group raised its price forecasts for aluminium, saying higher demand in Europe and China could lead to supply shortages. The metal will probably average US$3,125 a ton this year in London, analysts said. That’s up from the current price of US$2,595 and compares with the bank’s previous forecast of US$2,563. Goldman sees the metal, used to make everything from beer cans to plane parts, climbing to US$3,750 a ton in the next 12 months.