TD Securities has revised down its aluminium price outlook, citing a recovery in supply alongside softening demand. The firm anticipates smaller market deficits and a gradual move toward balance in the coming years.
According to FX Street, TD Securities projects aluminium prices to average $3,378 per tonne in 2026, falling further to $3,281 per tonne in 2027. These figures reflect a more cautious stance compared to previous forecasts, highlighting the impact of evolving market dynamics.
For Japanese investors, this outlook is significant given Japan's role as a major aluminium consumer and its sensitivity to global commodity price shifts, which can influence manufacturing and export sectors.