IR Presentation Q3-20

Analysis of Selling Prices Selling Prices ($ / MT) LME Price 2,141 LME Premium: 267 -16% difference 1,804 -12% 155 LME 1,874 LME 1,649 9M-19 9M-20 Selling Prices ($/MT) 1,768 142 -3% 1,721 -1-66 LME Price difference -4% LME LME 1,626 1,555 。 The average selling prices declined from previous periods due to challenging macroeconomic pressuring LME prices. declined mainly persistent conditions 。 Premiums due to unprecedented shift in product mix from value added products towards standard ingots during the year amid declining global demand for aluminium products. Going forward, based on the improved market conditions for value added products, it is expected that the product mix would reinstate back to value added products from standard ingots. 13 Q2-20 Q3-20 LME Aluminium price source: Bloomberg, CRU QAMCO, IR Presentation, Q3-20

View entire presentation