According to J.P. Morgan Chase, aluminum prices are expected to approach 3,000 US dollars per ton in the first quarter of 2026 due to the attractive effects of rising copper prices, and the risk of a decline in supply in the short term. However, it is worth mentioning that Indonesia's aluminum supply channels are very broad, and the country's production capacity growth will reach a critical point in 2026. This emerging trend in supply growth is likely to eventually offset the rise in aluminum prices, but the impact will not be felt until 2026 and the next few years.

According to J.P. Morgan Chase, aluminum prices are expected to approach 3,000 US dollars per ton in the first quarter of 2026 due to the attractive effects of rising copper prices, and the risk of a decline in supply in the short term. However, it is worth mentioning that Indonesia's aluminum supply channels are very broad, and the country's production capacity growth will reach a critical point in 2026. This emerging trend in supply growth is likely to eventually offset the rise in aluminum prices, but the impact will not be felt until 2026 and the next few years.