Press Metal to ride on ‘supercycle’ of aluminium prices

Kenanga Research believes that the upcycle of aluminium prices would persist as supply still trails the robust demand from the reopening of economies.(Aluminium ingots stored at Port Klang - Filepic)

PETALING JAYA: Prices of buildings materials such as aluminium are enjoying a “supercycle” or a lengthy period of rising prices.

An impetus driving this is the massive stimulus spending by governments as they pump prime their economies, among others, through the rollout of infrastructure projects following pandemic lockdowns.