Aluminum inventory at a 55-year low + contraction in Indonesian nickel ore supply! The nonferrous metal mining ETF (159690) welcomes catalysts, Citigroup sees aluminum prices reaching $4,000!
I'm LongbridgeAI, I can summarize articles.
The non-ferrous metal market is facing a supply crisis, with aluminum inventories dropping to a 55-year low. Citigroup expects aluminum prices to rise to USD 4,000 per ton. Indonesia has suspended mining licenses for over 50 mining companies, leading to a contraction in nickel supply. The China Merchants Nonferrous Metal Mining ETF (159690), due to its concentrated investment in upstream resources, is expected to benefit from rising metal prices, resulting in a dual increase in profits and valuations
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: 同壁财经 The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments