Investor Presentaiton
aa
Aluminium
for the world
المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba
Mixed Macroeconomic Outlook: Supply Constraints & Demand Upturn
Global demand is expected to see a gradual rebound in the latter half of 2024 fueled by
anticipated Chinese stimulus measures into their economy, prospects of interest rate cuts
in the US boosting consumer spending and gradual recovery in Europe as consumption
picks up after a sluggish start
Russian aluminum exports to EU are likely to decline due to expected trade sanctions
against Russia diverting exports to Asia particularly China
US aluminum offtake is projected to grow in 2024 despite anticipated GDP slowdown,
mainly driven by investments and expansions in casting, extrusions, and rolling sectors.
European demand is likely to remain passive in H1 2024 due to stagnant construction
activity & high interest rates dampening business and consumer confidence
Demand in China is expected to expand, despite a weak construction sector, thanks to
growth in auto and renewable energy sectors
Global supply chain challenges have improved, but some risks remain on routes like
Panama and Suez Canals
Bearish market sentiment is likely to persist with LME prices ranging between US$2,000/t -
US$2,200/t
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