According to reports from CNBC TV18, Citi has made a bold prediction for aluminum markets, stating that aluminum prices are set to surge to average $4,000 per metric tonne in the second half of 2026. The bank described this as the best buying set-up in this metal in 50 years, indicating exceptional market conditions ahead.
As reported by CNBC TV18, Citi attributes the anticipated price surge to supply shocks from the US-Iran war in the Middle East. The bank expects these geopolitical tensions to significantly impact aluminum supply chains and create market disruptions that will drive prices to new heights.
According to Citi's analysis reported by CNBC TV18, the supply disruptions are expected to send aluminium inventories to all-time lows. This inventory depletion scenario, combined with the geopolitical supply constraints, creates the fundamental conditions for the dramatic price appreciation forecasted for the second half of 2026.
