MINER'S RIGHT

Aluminium is the new iron ore, says Citi

The comparison is totally financial. The bank believes a shortfall in electricity production could soon force a cut in Chinese aluminium smelting capacity, sparking a price rise over the next three months, replicating the recent rise in iron ore, the key ingredient in steel.

Tim Treadgold
Aluminium is the new iron ore, says Citi

Over the past three months, as China has reopened its economy, the iron ore price has risen by 60% to US$131.50/tonne.  Aluminium, which might also have been expected to also rise strongly as demand...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

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