Just following the market. There seems to be a number of supply restraints due to electricity prices in both China and Europe.
Output seems to remain constant in China, reduced in Europe. Energy costs are rising making it unaffordable to produce in Europe.
Aluminium input for electric vehicles is growing rapidly. They need to make the vehicles light.
https://aluminiuminsider.com/electric-vehicle-revolution-will-spur-aluminium-demand/
There will be a double stress on electric grids, with electric cars and aluminium presumably making aluminium less affordable to produce.
Next 3 years I don't see how supply can keep up with demand.
I think aluminium is a good metal to be in at the moment, like Tin.
Any views to the contrary?
Just following the market. There seems to be a number of supply...
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$1.68 |
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Mkt cap ! $4.860B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.68 | $1.64 | $32.29M | 19.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 204640 | $1.67 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 83844 | 2 |
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| AWC (ASX) Chart |