Investor Presentaiton
CLASSIFICATION: C1 - CONTROLLED
Macroeconomic updates
Aluminium prices ($/MT)
Alumina prices ($/MT)
3000
Aluminum LME spot prices ($/MT)
400
-Alumina spot prices ($/MT)
2500
350
2000
1500
1000
1-Jan-20
300
250
200
31-Dec-20
30-Jun-21
1-Jan-20
31-Dec-20
30-Jun-21
• Prices of aluminium, continue to climb on the back of renewed global demand, whereby sectors
such as construction and automotive industries witnessed growth, as the global economies started
to show signs of recovery since later part of 2020.
• With 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.
• Global climate initiatives are also providing structural support to aluminum markets, given its major
role in decarbonization and playing a key part in creating supply deficits.
.
All of the aforementioned factors translated into a sequential growth in prices of primary aluminium
along with improved margins.
16
Note: Market prices have been sourced from Bloomberg and may not reflect prices achieved by QAMCO JV QAMCO, IR Presentation, 1H-21View entire presentation