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2021-06-25 11:06 | Report Abuse
https://www.reuters.com/world/china/what-we-know-about-chinas-metals-reserves-release-2021-06-17/
China is the world's top metals consumer and a major release of reserves could significantly change global supply and demand balances. The administration, which does not publish its reserve volumes, is estimated by Citigroup to hold 2 million tonnes of copper, 800,000 tonnes of aluminium, and 350,000 tonnes of zinc.
That is equivalent to one-sixth - or two months' worth - of China's annual refined copper consumption, based on estimates for 2020 from state-backed research house Antaike, but only around 2% of its aluminium usage and 5.2% of its annual zinc consumption.
so much noise from the news. dont think this will push alum price lower, now still at 2400. Back in 2014 and 2017, this counter more than triple when the alum price at this level. I read somewhere they expanding to double the capacity now?
collect or not?
Stock: [PMETAL]: PRESS METAL ALUMINIUM HOLDINGS BERHAD
2021-06-30 14:19 | Report Abuse
still sleeping. result from june q should be very strong, than would be strong buying interest