Goldman Sachs: Aluminum Prices Could Test $4,000 Per Ton on Middle East Supply Disruptions

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According to Guru Club, Goldman Sachs' head of global metals and bulk trading Tony Kim said on June 8 that aluminum prices could further test $4,000 per ton, representing an additional roughly 10% upside from current levels. Kim highlighted that aluminum is facing a genuine supply gap due to Middle East conflicts damaging regional smelters. He noted that affected facilities are unlikely to resume production before year-end, with some operators estimating 12+ months for full recovery, sustaining supply tightness through summer and beyond.
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