--- title: "Phillip Securities Huang Weijie: NANSHAN AL INTL target price 72 yuan stop-loss price 62 yuan" type: "News" locale: "en" url: "https://longbridge.com/en/news/277868050.md" description: "Phillip Securities' Huang Weijie has set a target price of 72 yuan for NANSHAN AL INTL, with a stop-loss price of 62 yuan. The company is one of the largest bauxite producers in Indonesia and one of the three major bauxite producers in Southeast Asia, primarily producing metallurgical-grade alumina. To expand its market share, NANSHAN AL INTL is constructing a new alumina production project, which is expected to increase annual capacity to 4 million tons, and plans to launch an electrolytic aluminum project in 2026, with an investment of approximately 436 million USD" datetime: "2026-03-05T02:50:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277868050.md) - [en](https://longbridge.com/en/news/277868050.md) - [zh-HK](https://longbridge.com/zh-HK/news/277868050.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277868050.md) | [繁體中文](https://longbridge.com/zh-HK/news/277868050.md) # Phillip Securities Huang Weijie: NANSHAN AL INTL target price 72 yuan stop-loss price 62 yuan NANSHAN AL INTL (02610) is primarily engaged in the production and sales of metallurgical-grade alumina (including aluminum hydroxide), being the largest alumina producer in Indonesia and one of the three major alumina producers in Southeast Asia. Its metallurgical-grade alumina is a key raw material in the production of electrolytic aluminum, playing a crucial role in meeting the stringent requirements for high-performance aluminum products in industries such as construction, transportation, electricity, and packaging, thus resulting in strong demand. To further expand its market share in Southeast Asia, the group has initiated the construction of new alumina production facilities in the first half of 2024, with a designed annual production capacity of two million tons. The first one million tons of alumina annual production from the new alumina production project is expected to be put into operation in the third quarter of 2025; subsequently, the second one million tons of alumina annual production will officially commence operations on December 20, 2025. As global emphasis on lightweight materials and energy-saving solutions continues to rise, the demand for alumina remains robust and is indispensable in the downstream aluminum value chain. The group is further enhancing its designed annual production capacity of alumina to four million tons through the new alumina production project to meet the growing market demand in the aluminum industry and achieve greater economies of scale. Additionally, it is expanding its deep-water port, adding 70,000-ton berths and supporting facilities to improve logistics efficiency and solidify the group's position as one of the largest alumina producers in Southeast Asia. Besides capacity expansion, the group continues to focus on seeking stable and competitive suppliers of raw materials such as bauxite, liquid caustic soda, and coal. In the first six months of 2025, the group will optimize its raw material procurement strategy through diversified sourcing and deeper partnerships with suppliers in Indonesia and overseas. To further enhance competitiveness, drive sustainable growth, and build synergies in upstream and downstream businesses, the group plans to engage in electrolytic aluminum and related raw materials and supporting businesses. The group plans to initiate preparations for a 250,000-ton electrolytic aluminum project in 2026, with an estimated investment of approximately USD 436 million during the two-year construction period. This project is proposed to be located in the Karang Batang Economic Zone on Bintan Island, Indonesia, where the group's alumina plant is situated. In January of this year, the group raised approximately HKD 1.99 billion through a rights issue, with 90% of the funds allocated for the construction of the electrolytic aluminum project and 10% for general working capital. (The author does not hold the aforementioned stocks) Buy price $65.00, target price $72.00, stop-loss price $62.00 Author: Huang Weijie, Director of Phillip Securities and Phillip Capital Management The author is a licensed person under the Securities and Futures Commission The author does not hold the aforementioned shares #Huang Weijie ### Related Stocks - [NANSHAN ALUMINIUM (600219.CN)](https://longbridge.com/en/quote/600219.CN.md) - [NANSHAN AL INTL (02610.HK)](https://longbridge.com/en/quote/02610.HK.md) ## Related News & Research - [Nanshan Aluminium International proposes final dividend of HK$0.41 per share](https://longbridge.com/en/news/280659714.md) - [Nanshan Aluminium Sets Formal Governance Framework for Audit Committee](https://longbridge.com/en/news/280658053.md) - [Nalco FY26 total alumina sale at 1.4 million tonne](https://longbridge.com/en/news/281539464.md) - [Eastern Shenghong's unit to invest in raw material pretreatment project](https://longbridge.com/en/news/281525841.md) - [Nanshan Aluminium Sets Formal Terms for Board Remuneration Committee](https://longbridge.com/en/news/280691027.md)