Goldman Stays a Bear on Aluminum as Output Ramps Up in China

  • Chinese restarts are still on track as margins remain strong
  • Goldman forecasts prices will fall to $1,450 in three months

Aluminum prices will probably extend losses as production in China is set to increase after a rally lifted smelters’ profits, according to Goldman Sachs Group Inc.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.