Goldman Sachs raised its aluminum price forecasts for the London Metal Exchange (LME), adjusting the average price predictions for the third quarter of 2026 and for 2027 from the previous $3,200 per ton and $2,750 per ton to $3,300 per ton and $2,950 per ton, respectively.

As an internationally renowned investment bank, Goldman Sachs' commodity price forecasts typically take into account multiple factors including supply and demand fundamentals, macroeconomic trends, and changes in relevant industry policies. This recent upward revision in aluminum price expectations also reflects, to some extent, the institution's relatively optimistic outlook on the future supply-demand dynamics or price trends of the aluminum market. However, subsequent market trends will still need to be further verified by actual supply and demand data.