TEXAS: Aluminium companies that turned too pessimistic last year during the height of pandemic lockdowns are paying the price as demand returns more quickly than anticipated.
The spot price premium for billet – a key form of metal needed in the automotive, building and construction industries – surged close to a record last week and may set new highs within days, according to researcher Harbor Intelligence.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!