"Civilian Metal" Welcomes Value Reassessment Industry: Aluminum Prices Expected to Remain High and Gradually Rise

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On October 25, Jin10 reported that since October, global aluminum prices have risen again, with London Metal Exchange (LME) aluminum futures prices increasing by more than 6%, reaching a nearly three-year high. Aluminum, once known as the “common man's metal,” is being redefined. With the rapid development of the new energy industry, high copper prices, and increasing demand for aluminum as a substitute, aluminum's strategic position in the global energy transition is gradually rising. Industry insiders believe that improved aluminum performance and cost advantages make it a viable alternative to copper in power transmission and industrial applications. Abundant resource reserves and a well-established Supply Chain further enhance aluminum's strategic value. In the context of energy transition, aluminum prices are expected to maintain high volatility and gradually rise.

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