Algo Buy Signals – AWC & BSL
Recent Algo Engine buy signals in BSL and AWC have performed well, with prices rallies of 20%+ in the past few months.
China has been ramping up production of both alumina and aluminium in the lead-up to potential capacity cuts. Alumina Ltd (AWC) is potentially the largest beneficiary, given it is a pure-play on the industry.
Rio Tinto and South32 also seem well-placed to benefit. We will reconsider these names on the next Algo Engine buy signal.
