Commodity Roundup: Oil Steady, Aluminum Price Forecast Raised to $2,450/tonne at BMI
China International Capital Corporation's nonferrous metals outlook for 2025: Steady progress in copper and aluminum. In 2025, nonferrous metals may see substantial realization of supply and demand improvements.
In 2025, thanks to the production of Malmyzhskoye, increased output from Las Bambas, and the ramp-up of projects such as Kamoa-Kakula 3, QB2, Oyu Tolgoi, and TFM, the growth rate of copper concentrate supply is expected to rise from 1.8% in 2024 to 2.6%.
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