Aluminum Mood Turns Bearish at Top North American Conference
- Harbor Intelligence sees aluminum falling 18% by December
- Major producers fear slowdowns, inflation, supply chain snags
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The aluminum industry’s best days might be in the rear view mirror.
At North America’s largest aluminum conference Wednesday, researcher Harbor Intelligence warned an audience of 870 producers, traders and buyers -- many of them sipping Johnnie Walker Gold Label scotch -- that the price of the lightweight metal will plummet almost 20% by December to $2,310 per ton as demand ebbs and supplies build in warehouses across the globe.