Subdued aluminium prices to increase pressure on Press Metal


HLIB Research foresees aluminium surplus between 2023 and 2025.

PETALING JAYA: Press Metal Aluminium Holdings Bhd, whose latest earnings missed expectations, may face a series of lacklustre quarters ahead.

Hong Leong Investment Bank (HLIB) Research, which expects a gloomy outlook for the largest aluminium producer in South-East Asia, said subdued prices of aluminium in the spot market would increase pressure on Press Metal.

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