COMMODITIES may still be riding an upward trend, but metal prices have melted to pre-Russia-Ukraine conflict levels. Since surging past US$3,800 a tonne in March this year — the highest in more than 13 years — aluminium prices have retreated 30% to a five-month low of US$2,700 a tonne. Local analysts are not overly concerned about softer aluminium prices as they project a pickup in global demand when economic activities fully recover. His aluminium price assumption for the year is relatively lower at US$2,600 against US$2,800 next year. He gives Press Metal Aluminium Holdings Bhd as an example.

Source: The Edge Markets May 24, 2022 21:07 UTC