Aluminium prices are expected to stay elevated over the next few months on hopes of a stronger global growth despite geopolitical uncertainties, driven by demand from the clean energy value chain (solar, wind, grid and EVs), analysts say. Global growth is expected to be driven by demand from the clean energy value chain (solar, wind, grid and EVs).

Concerns about constrained supply have also kept prices firm, and they are set to persist as China is nearing the 45 million tonnes (mt) smelting cap it has set, constraining domestic expansion, said research agency BMI, a unit of Fitch Solutions.

China’s primary aluminium production was up 0.4 per cent year-on-year in October at 3.8 mt, but was down 9 per cent from September, said ING Think, the economic and financial analysis wing of Dutch m

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