UBALUCO@EC2603A(16332.HK)

Guinea's bauxite exports jump 25% to 183 million tons in 2025 on Chinese demand

Guinea's bauxite exports surged 25% in 2025, reaching 182.8 million tons, with 74% going to China. This growth solidified Guinea's position as the world's top bauxite supplier, surpassing Australia. Major exporters included Chalco and CBG. Despite a slowdown in the second half, exports rose 16% to 84 million tons. China's bauxite imports increased by 26.4% to 200.5 million tons, benefiting from Guinean supply. However, increased output has led to a decline in alumina prices, prompting Guinea to accelerate plans for domestic processing facilities.

Brazil's CBA sale gathers pace as Chinalco joins bidding, sources say

The sale of Brazilian aluminium producer Companhia Brasileira de Aluminio (CBA) is progressing, with China's Aluminum Corporation of China and another bidder actively involved. Discussions with Emirates Global Aluminium have slowed, but the process remains competitive. An announcement regarding the sale could occur soon, although negotiations may still fail. CBA, controlled by Grupo Votorantim, produces low-carbon aluminium and has a market capitalization of $1.15 billion, with shares rising nearly 84% over the past year.

Alcoa CEO: The company's overall tariff expenses amount to $1 billion

According to reports, CHALCO supports Rio Tinto's acquisition of Glencore

According to sources cited by Bloomberg, China Aluminum Corporation, as one of the largest shareholders of Rio Tinto, is inclined to support Rio Tinto's acquisition plan for Glencore. The report cites sources indicating that the final decision on whether China Aluminum Corporation supports the transaction is decisively influenced by the Chinese government, and China Aluminum has communicated its intention to support the transaction with relevant government departments. China Aluminum Corporation has held shares in Rio Tinto for nearly 20 years and currently owns approximately 14.55% of Rio Tinto's London-listed equity

"Big Banks" Bank of America Securities: "Year of the Red Horse" Preferred Aluminum Stocks, Pessimistic on Construction and Solar Materials, Top Stock Picks are Chalco, Zijin Mining, CHINAHONGQIAO, SD GOLD, and Ganfeng Lithium

Bank of America Securities released a research report, stating that 2026 is the "Year of the Red Horse," optimistic about aluminum stocks, predicting a price-to-earnings ratio of 8 to 10 times, with a preference for China Aluminum, Zijin Mining, CHINAHONGQIAO, SD GOLD, and Ganfeng Lithium. They hold a pessimistic view on construction and solar materials due to weak demand and poor policy enforcement