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Benefits from supplying some of the parts to tech. stocks, price of aluminium up from low of 1600 plus to around 2000........good for aluminium company, strong Malaysian dollar lower the cost of importing raw materials......
Leonfb is mainly involve in trading of carbon steel as LB aluminium is more on aluminium products.......totally different but price of both steel and aluminium going up is good for them.......
Lbalum already made profit what. One thing is lbalum is extrusion plant only not like pmetal who controls upstream activities which has the biggest advantange when LME price up. Lbalum can take advantage by selling high price on their finished goods.
Historically, when aluminium price up, LB aluminium’s share price will follow move up, if results is good when announce results this month, it will be a bonus.........go go go!
Aluminium inventory dropped 17% in the LME market, China’s car demand making a comeback make demands for aluminium over the take on the production due to COVID-19......good for aluminium related counters........
Aluminium price still up trend.....more to come......the demands of cars in China revived back to pre Covid-19 consume more aluminium, couple with demand of electronic products by using aluminium parts during pandemic help to raise the demand of aluminium considerably and lift the price in a short period of time from around 1600 to 2030.......