China's aluminum industry is becoming increasingly dependent on foreign supplies of ore needed for metal production, Bloomberg reports. This puts Kazakhstan's aluminum producers in a winning position, and will also have a positive impact on the growth of prices for it.
In addition, the Jefferies investment company expects a rapid recovery in demand for metals and coal due to the fact that China has switched to economic stimulus mode, and the Central Bank is easing.
Credit momentum may be starting to recover. Also, metal prices will be stimulated up by the United States — they predict an increase in demand for steel and aluminum after the adoption of the long-awaited package for the development of the country's infrastructure. In this case, Kazakh mining companies are in a more advantageous position.