AWC has surged +25% in the last fortnight assisted by supply shortages taking the aluminium price to levels not seen in more than a decade. We feel this style of supply / price squeeze will continue through commodity markets over the coming years assuming we are correct and an economic recovery is poised to gather momentum leading to reflation – a great outlook for the Resources Sector which should see this style of rally repeated time and again moving forward. Whitehaven Coal (WHC) has been another great example of a “pop” in a resource stock enjoying a 50% surge in just 3-months as coal prices have rallied to multi-year highs.
MM is bullish AWC into 2022
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