Press Metal sees growth prospects amid tightening supply – 29 September 2025
HLIB notes average LME aluminium prices rose ~7% quarter-on-quarter to around USD 2,560/t, with Press Metal expanding upstream to secure feedstock.
👉 Source: Business Today
Summary :
Aluminium’s upward price trend is expected to underpin Press Metal Aluminium Holdings Bhd’s earnings momentum, Hong Leong Investment Bank (HLIB Research) said.
In its latest note, HLIB said average LME aluminium prices climbed 7% quarter-on-quarter to US$2,560 per tonne in 3Q25, supported by tightening supply.
“China’s production is operating near its 45 million tonnes per annum (Mtpa) cap, limiting further output growth, while LME inventories have dropped to multi-year lows at 468,000 tonnes compared to 751,000 tonnes in 2024,” the research house added.
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