Industry News
OCBC Raises Aluminium Price Forecast Amid Slower Gulf Smelter Output Recovery
OCBC has lifted its end-2026 aluminium price forecast to roughly US$3,150 per tonne due to subdued recovery across Gulf smelters. GCC smelter production growth slowed to 2 percent month-on-month in August, while Chinese output rose 4.7 percent year-on-year. Chinese unwrought aluminium and product exports also increased by 17.3 percent during the month.
