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Aluminium and Steel prices are rising

Koon Yew Yin 18 May 2021

China uses the most coal to produce Aluminium and Steel in the world. Since China will soon become the richest nation in the world, it cannot neglect its social responsibility of cleaning the air and the environment. Burning coal produces a lot of carbon dioxide which is poisonous to humans. 

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Recently China reduces the use of coal to improve the air quality and the environment. China reduces the   production of Aluminium and Steel. As a result, the prices of Aluminium and Steel have been rising as shown on the Aluminium and Steel price charts below. 

Aluminium price chart     

Alcom price chart 

LB Aluminium price chart

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Alcom and LB Aluminium share prices have been dropping in last few days while the price of Aluminium has been rising which is so illogical. All investors should be able to recognise this buying opportunity.  

Steel price chart 

Leon Fuat price chart 

Leon Fuat share price has been dropping in last few days while the price of steel has been rising which is so illogical. All investors should be able to recognise this buying opportunity.  

Basement fire sale yesterday: 

Alcom, LB Aluminium and Leon Fuat were selling at PE 3.3, 3.9 and 3.9 respectively as shown below    

NamePriceLatest EPS 4 X EPSPE 
Alcom95 sen 7.5 sen30 sen3.3
Leon Fuat 92 sen 5.84 sen23.4 sen3.9 
LB Alum94 sen 6 sen24 sen3.9 

Yesterday RHB bought for me 766,600 Alcom shares, 594,500 LB Aluminium shares and Leon Faut 780,000 shares. Currently all of them are going up higher and higher.    

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