Bank of America pulls forward its USD 4k/T price forecast for aluminium from Q2 '27 to Q4 '26; copper mine supply remains tight and continue to anticipate deficit this year and next, and see copper prices gradually rising above USD 15k/T

Bank of America's decision to pull forward its aluminum price forecast suggests an increasingly bullish outlook on demand ahead of the previous timeline. Coupled with tight copper mine supply and projected deficits, this points to a favorable environment for both metals and may indicate upward pressure on inflation and related currencies. Traders should consider these dynamics for positioning in commodities and associated FX markets.