Citi lowers three — month aluminium price forecast

Oct 14 (Reuters) — Citi cut its three-month aluminium price forecast to $3,000 per metric ton from $3,300, citing demand uncertainty weighing on sentiment. Markets increasingly look through physical tightness and focus on a looser balance beyond 2026, Citi says Benchmark three-month aluminium steadied at $3,040 per metric ton after touching an eight-month low on Monday Citi added that Chinese and global cyclical demand stayed weak through the first eight months of 2026, although recent Chinese macroeconomic indicators point to stabilisation rather than a recovery Indonesia is emerging as a crucial new source of supply in light of outages in the war-hit Middle East, with its aluminium exports in August jumping by 30.7% from the prior month (Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Clarence Fernandez) ((Ashitha.Shivaprasad@thomsonreuters.com;)