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<Research>Citi Raises LME Aluminum TP to USD3.6K/ Ton; Bullish Scenario Estimate at USD4K/ Ton
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Amid unstable geopolitical conditions in the Middle East, Citi has released a research report increasing its target price for London Metal Exchange (LME) 0-3 month aluminum from USD3,400 per ton to USD3,600 per ton. In a bullish scenario, the target price could reach USD4,000 per ton should disruptions in the Middle East intensify. Citi has also highlighted the price impact being broad rather than gradual, considering ongoing shipping disruptions, limited alumina imports, and recent reports of months-long restart timelines. This supports a comprehensive adjustment scenario forecast, positioning "timing" rather than "direction" as the key near-term risk. AAStocks Financial News |
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