Aluminum Facing 'Very Large Supply Hole,' JPM Says
•Greg Shearer, JPMorgan base and precious metals research head, discusses the aluminum market and the impact the conflict in the Middle East on prices.
•"Our outlook in the very near term is still for prices to move up towards $4,000 per metric ton," Shearer tells Bloomberg Television.
•"There will be demand destruction at those levels," he adds.
هذا الخبر من Bloomberg. خبر يقدم أدوات ذكاء اصطناعي للتلخيص والترجمة والاستماع.
Greg Shearer, JPMorgan base and precious metals research head, discusses the aluminum market and the impact the conflict in the Middle East on prices. "Our outlook in the very near term is still for prices to move up towards $4,000 per metric ton," Shearer tells Bloomberg Television. "There will be demand destruction at those levels," he adds. (Source: Bloomberg)المصدر: Bloomberg | Source: Bloomberg
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This article was originally published by Bloomberg. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
