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UBS has revised its alumina price forecast for 2025 downward to below $400 per ton, following a rapid price decline from over $800 per ton in December 2024 due to increased supply. Factors contributing to this shift include record production rates in China and a significant rebound in bauxite imports from Guinea.Despite the forecast cut, UBS remains optimistic about aluminum's fundamental outlook, anticipating modest market deficits and a stable LME aluminum price around $2,700 per ton, while maintaining a bullish stance on companies like Norsk Hydro and Alcoa Corp.
UBS has reaffirmed its Buy recommendation for Norsk Hydro, maintaining a target price of NOK 90, indicating a potential upside of 37%. The company's upstream results for Q1 2025 appear strong, with limited exposure to falling aluminum prices, although downstream and recycling sectors remain weak. Analysts noted that the recent CMD for 2024 offered mixed conclusions but provided encouraging insights on capital allocation and minority dividends.
UBS has reiterated its recommendation on Norsk Hydro stock, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that the analysis is provided "as is" without any warranties, and the opinions expressed are those of the authors. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs lowers alumina price forecast amid supply surge and market shifts
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Daniel Major
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13:43 27.03.2025
ubs maintains buy rating on norsk hydro with target price of nok 90
12:57 27.03.2025
ubs reaffirms recommendation for norsk hydro stock analysis released
12:57 27.03.2025
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