Investor Presentaiton
CLASSIFICATION: C1 - CONTROLLED
Macroeconomic updates
Aluminium prices ($/MT)
Alumina prices ($/MT)
3500
Aluminum LME spot prices ($/MT)
700
-Alumina spot prices ($/MT)
3000
600
2500
500
2000
400
1500
300
1000
200
1-Jan-20
31-Dec-20
30-Sep-21
1-Jan-20
31-Dec-20
30-Sep-21
•
.
16
Prices of aluminium continue to show strength on the back of renewed global demand, with sectors
such as construction and automotive industries witnessing growth, as global economies
sequentially recovered linked to market reopening on the back of successful ongoing vaccination
drive. Also, given aluminium being a key input for electric vehicles (EVs), wind turbines and solar
power, bringing an additional layer of long-term demand for primary aluminium.
On supply side, as the power crisis in major markets has become more acute, coupled with
decarbonization linked policy cuts remained aggressive, significant aluminium capacity has been
curtailed helping accelerated inventory draws.
On overall basis, as demand remained buoyant while supply deficits continued with lower inventory
levels, have sent primary aluminium prices to multi-year high and led to improved margins.
Note: Market prices have been sourced from Bloomberg and may not reflect prices achieved by QAMCO JV QAMCO, IR Presentation, 9M-21View entire presentation