As expectations for interest rate cuts rise, the US dollar is under pressure, and aluminum prices have risen for seven consecutive days, reaching a new high since March
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Before the Federal Reserve's interest rate meeting, aluminum prices rose for the seventh consecutive day, reaching USD 2,705 per ton, a new high since March. The market's expectations for the Federal Reserve to ease monetary policy have intensified, putting pressure on the dollar and driving up metal prices denominated in dollars. Bank of America predicts a supply gap of 292,000 tons in the aluminum market by 2026, with aluminum prices expected to rise to USD 3,000 per ton, primarily relying on a recovery in demand from Europe and the United States and China's continued strong aluminum demand
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