KUALA LUMPUR: Press Metal
Aluminium Holdings Bhd is poised to post another record results in 2022, as the aluminium prices are expected to stay high in the near term while its fully commissioned P3 plant will lead volume growth.
According to Kenanga Research, aluminium prices remained robust at US$2,600 to US$2,700 (RM10,872 to RM11,290) per tonne recently, driven by economies reopening-led demand.
In addition, the major structural de-carbonisation trends for electric vehicles and renewable energy have boosted aluminium demand, leading to prices remaining elevated.
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