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The $5 billion hoard of aluminium the world wants but can't have

Now, with demand roaring and China curbing supply, consensus view is that outlook has never looked brighter for prices while mountains of aluminum are vanishing just when manufacturers need them most

Photo: Bloomberg
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Photo: Bloomberg

Mark Burton and Nguyen Dieu Tu Uyen | Bloomberg
On an industrial park about an hour’s drive toward the South China Sea coast from Ho Chi Minh City sit giant mounds of raw metal shrouded in black tarpaulin. Stretching a kilometer in length, the much-coveted hoard could be worth about $5 billion at current prices.

In the esoteric world of aluminum, those in the know say the stockpile in Vietnam is the biggest they have ever seen — and that’s in an industry that spends a lot of time building stockpiles while analysts spend a lot of time trying to locate them. But as far as the increasingly under-supplied

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First Published: Nov 21 2021 | 2:01 PM IST

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