"Commodity" Aluminum prices rise to a nearly four-year high, Goldman Sachs raises aluminum target price for the first half of the year

U.S. President Trump’s remarks on the dollar have stimulated a sharp rise in precious metal prices, with aluminum prices also reaching a nearly four-year high. The aluminum price on the London Metal Exchange rose 1.2% to $3,246.5 per ton, having previously touched $3,252 per ton.

When asked about his views on the recent weakness of the dollar, Trump stated that the dollar is performing well, which further exacerbates market pessimism towards the dollar. Goldman Sachs released a report stating that due to the strong performance of aluminum prices and continued bullish sentiment among investors, the average aluminum price is expected to reach $3,150 per ton in the first half of this year, higher than the previous forecast of $2,575, but still below the current price