En+ Group Investment Presentation
Aluminium Prices Reflect Current Market Fundamentals and Supply
Chain Restrictions
LME cash settlement price
Regional premiums dynamics
Monthly average, Aug 2021 (1-9)
$3,000
$800
$753
Europe DU
$700
$2,500
US MidWest DP
$600
Main Japanese Ports (quarterly)
$2,000
$500
$1,500
$400
$297
$300
$1,000
$200
$500
$100
$185
$0
$0
Jun'20 Aug'20 Oct'20 Dec'20 Feb'21 Apr'21
Jun'21 Aug'21
Jun'20 Aug'20 Oct'20 Dec'20 Feb'21 Apr'21 Jun'21 Aug'21
LME price move followed improvement in demand outlook
Manufacturing activity remains in an expansion zone, however
the pace of growth is slowing in key consuming regions
Premiums reflect higher regional replacement costs, scrap
shortage and tight logistics
Ongoing ports' congestion, caused by COVID-19 containment
measures, continue to challenge the supply chain
Ent
GROUP
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