Citigroup maintains a target price of $3,000 per ton for aluminum over the next 0-3 months.
November 10, 2026
On November 9th (Monday), Citigroup stated that it maintains a neutral view on aluminum overall and maintains the target price of $3,000 per ton for aluminum over the next 0-3 months.
The bank said that although the low visible inventory and high geopolitical risks should continue to provide downward support in the short term, the outlook for next year is still challenged by the supply growth led by Indonesia and the depressed demand environment.
Citigroup stated that a substantial improvement in aluminum demand may require the combined effect of the following factors: the easing of the situation in the Middle East promoting further relaxation in the energy market, a policy shift in China towards greater support, and broader monetary easing.
