A vote of confidence in Metlen Energy & Metals' medium-term prospects is given by Bank of America (BofA) in today's report, maintaining the 'buy' (market) recommendation and setting the target price at 52 euros. This new valuation implies a very attractive upside margin of 24% of the current levels on the dashboard.
According to analysts of the international house, the upgraded development success story of the listed is based on two key pillars: the durable aluminium prices – through strategic hedging and high premiums – and, above all, the integration of gallium into its economic model, which is highlighted in a powerful, new value creation lever.
BofA focuses particularly on the structural (structural) story of gallium, a rare metal that is considered absolutely crucial for cutting edge technologies, such as artificial intelligence, 5G networks, semiconductors and the defence industry. Given that China currently controls 98-99% of the world's supply, Metlen's strategic importance is now gaining geopolitical dimensions.
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