Aluminum increased 492.50 USD/Tonne or 17.54% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
The LME three-month aluminum price surged to a record high of $3,325 per tonne in February, as strong demand and limited output have pushed inventories to critical levels. Smelters in Europe reduced production due to the high energy cost, while coronavirus-related restrictions disrupted China's output. As a result, metal stocks in the LME warehouses have tumbled to 768,250 tonnes, their lowest level since February 2007. .
Q4 2022 EPS 7.72 sen and FY2021 EPS of 24.21 sen is excellent. But merely 2.5sen dividend , which is only 10% dividend payout is not acceptable Minority shareholders got to voice it out loud and show displeasure in coming AGM. I will do so.
@superr, if Uncle kon is smart enough he will play the reverse psychology. He may be doing it now since he knows people don't trust him anymore Hahaha..
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Johnzhang
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Posted by Johnzhang > 2022-02-07 21:09 | Report Abuse
Aluminium price is expected to scale higher as production in China is slowing . Alcom will perform in 2022