Solid outlook for Press Metal on elevated prices

According to Kenanga Research, Press Metal’s additional production capacity is due to the full commissioning of its P3 smelting plant in October 2021.

KUALA LUMPUR: The outlook appears to be solid for Press Metal Aluminium Holdings Bhd, given the anticipation that aluminium prices will stay high at their present levels, say analysts.

The aluminium producer is also expected to benefit from the improved capacity at its plants.