Investor Presentaiton
CLASSIFICATION: C1 - CONTROLLED
Macroeconomic updates
Aluminium prices ($/MT)
4,500
-Aluminium LME spot prices ($/MT)
750
4,000
650
3,500
3,000
550
2,500
450
2,000
350
1,500
1,000
250
Jan-20
Dec-20
Dec-21
Dec-22
Sept-23
Jan
Alumina prices ($/MT)
Alumina spot prices ($/MT)
Dec-20
Dec-21
Dec-22
Sept-23
•
•
Aluminium market witnessed fluctuations influenced by factors including:
◉
■
Slower than excepted recovery in global economies;
Subdued demand in construction and other sectors utilizing aluminum as input;
Global operating rates for smelters improved following a recent fall in natural gas
prices leading to additional supply.
On an overall basis, aluminium prices for 9M-23 demonstrated declining trends versus
9M-22, amid macroeconomic headwinds. Additionally, aluminium prices declined on
sequential basis as well.
16
Note: Market prices have been sourced from an international third-party trusted data provider and may not reflect prices
achieved by QAMCO JV
QAMCO, IR Presentation 9M-23View entire presentation