Current prices would seem “far too low” if governments fulfill pledges for green infrastructure and electric-vehicle incentives, Concord Resources said.
Australian miner posted a slight increase in half-year profit, and said a strong recovery in demand for key commodities outside China early this year has put the company on track for solid growth.
The purchasers had accused banks and commodity trading, mining and metals warehousing companies of conspiring to hoard aluminum when prices were low roughly a decade ago.