Saudi miner Ma’aden says China supply, coronovirus dampen aluminium outlook – ZAWYA

Saudi miner Ma’aden says China supply, coronovirus dampen aluminium outlook – ZAWYA

Saudi miner Ma'aden says China supply, coronovirus dampen aluminium outlook. "The coronovirus impact, the extension of Lunar year holiday does mean aluminium demand will be impacted by China," Darren Davis, chief executive of the miner known as Ma'aden, told Reuters in an interview late on Wednesday.. Phosphate prices fell 18% in 2019 and aluminium prices declined 15%, the company said in its earnings presentation.. Davis said its underlying business is still strong with a 30% EBITDA margin, despite low aluminium and phosphate prices, and is generating strong cash flow..