CTALUCO@EC2610A

UNI HEALTH

QUANTGROUP

AE LOGISTICS

XUNCE

KINTOR PHARMA-B

XunZhong

ILUVATAR COREX

HP LIVING TECH

NANFANG COMM

ZHAOWEI

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YOFC(06869) rose 24.33%, with a trading turnover 6.9 Billion HKD, and a year-to-date rose 242%. MINIMAX-WP(00100) rose 22.37%, with a trading turnover 4.3 Billion HKD, and a year-to-date rose 639.4%. CHALCO(02600) fell 3.58%, with a trading turnover 754.5 Million HKD, and a year-to-date rose 8.4%. PETROCHINA(00857) fell 3.57%, with a trading turnover 2.3 Billion HKD, and a year-to-date rose 22.4%.

Top Gainers & Losers

YOFC

MINIMAX-WP

KNOWLEDGE ATLAS

AKESO

MONTAGE TECH

CHALCO

PETROCHINA

CHINA COAL

MUYUAN

CHINA SHENHUA

Top 5 HK Stock Gainers/Losers (>100B) (3.10)

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China January-February unwrought aluminium and product exports up 12.8% at 971,000 metric tons - customs

marketscreener

CHINAHONGQIAO

NANSHAN ALUMINIUM

NANSHAN AL INTL

GF CSI Rare Metals Theme ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Wanjia CSI Industry Non-Ferrous Metal Theme ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Guotai CSI Non-ferrous Metal ETF

Hwabao WP CSI Non-ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Yinhua CSI Non-ferrous Metal ETF

Dacheng Non-Ferrous Metal Futures ETF

China January-February unwrought aluminium and product exports up 12.8% at 971,000 metric tons - customs

Aluminium prices fell sharply, down 2.88% on the Shanghai Futures Exchange, following President Trump's promise for a swift resolution to the Middle East conflict, which alleviated supply concerns. The London Metal Exchange also saw a decline in aluminium prices, dropping 2.11%. Despite this, analysts warn that aluminium remains vulnerable to price increases due to potential supply shocks from ongoing regional tensions. Other metals like copper and nickel experienced slight gains, while lead and zinc remained stable.

Reuters

METALS-Aluminium slides as Trump vows quick Mideast war resolution

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Against the backdrop of escalating tensions in the Middle East, aluminum prices have reached a nearly four-year high due to transportation disruptions caused by the Gulf War. The region accounts for 9% of global aluminum supply. Aluminum prices on the London Metal Exchange rose by 1.6% to $3,499.5 per ton. With at least two large smelters halting supply, U.S. buyers are seeking alternative sources from Asia. China Aluminum's stock opened at 13.59 yuan, down 0.59%

AASTOCKS

Century Aluminum

Huafon Aluminium

Invesco DB TR Base Metals ETF

Yunnan Aluminium

SPDR S&P Mtls & Mng

Alcoa

Mtalco

ISHRS MSCI Glb Slct Met & Mining

Aluminum prices rise to a nearly four-year high, at least two large smelters in the Middle East suspend supply

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Shanghai's most active aluminium futures contract rises more than 3%

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Jiaozuo Wanfang

Shanghai's most active aluminium futures contract rises more than 3%

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JD-SW(09618) rose 9.95%, with a trading turnover 5.1 Billion HKD, and a year-to-date fell 4.5%. GEELY AUTO(00175) rose 7.92%, with a trading turnover 1.2 Billion HKD, and a year-to-date fell 8.6%. YOFC(06869) fell 7.79%, with a trading turnover 3.9 Billion HKD, and a year-to-date rose 167.9%. PRADA(01913) fell 5.76%, with a trading turnover 206.3 Million HKD, and a year-to-date fell 9.2%.

- The Hang Seng Index increased by 1.72%, with a year-to-date gain of 0.5%, while the Hang Seng Tech Index rose by 3.15%, but has declined by 10.3% this year.  
- JD.com saw a notable increase of 9.95% with a trading volume of 5.06 billion HKD, yet it remains down 4.5% year-to-date, while Geely Automobile rose by 7.92% with a trading volume of 1.21 billion HKD, down 8.6% in 2026.  
- In contrast, Longxing Optical Fiber Cable fell by 7.79% despite a trading volume of 3.87 billion HKD, maintaining a significant year-to-date gain of 167.9%, whereas Prada dropped by 5.76% with a trading volume of 210 million HKD, marking a 9.2% decline this year.

JD-SW

GEELY AUTO

TRIP.COM-S

INNOVENT BIO

PRADA

CMOC

Top 5 HK Stock Gainers/Losers (>100B) (3.6)

KALU

JP Morgan warned that major smelters in the Middle East, such as Qatar Energy, have successively halted production or declared force majeure, affecting nearly 18% of global primary aluminum exports. Meanwhile, the inventory of alumina, the raw material, is only sufficient to last for a few weeks, making larger-scale production cuts at smelters imminent. If the production cut trend continues to evolve, there is potential for aluminum prices to rapidly hit the $4,000/ton mark. Bank of America also sees the fragility of the supply chain, raising its forecast for the aluminum supply gap in 2026 from 1 million tons to 1.5 million tons

- The Middle East conflict has entered its seventh day, severely impacting the global aluminum market with major smelters announcing production halts due to disruptions in the Strait of Hormuz.  
- JPMorgan identifies the situation as a critical supply-driven event horizon, predicting aluminum prices could surge towards $4,000 per ton if production cuts persist.  
- By March 6, LME aluminum prices rose to $3,313 per ton, marking the highest level since 2022, amidst forecasts of increasing supply gaps and tightening inventory conditions.

Wallstreetcn

Kaiser Aluminum

"Critical point" approaching! JP Morgan: The chaos in the Middle East has caused a substantial supply shock, and aluminum prices are aiming for $4,000!

The conflict between the U.S. and Iran has impacted shipping in the Strait of Hormuz, triggering a global aluminum supply chain crisis. Aluminium Bahrain (Alba) has invoked force majeure clauses for some customers, suspending metal deliveries primarily due to transportation disruptions rather than operational issues. Boosted by this news, London aluminum prices surged 4% in a single day, marking the largest increase since November 2024, with prices reaching a new high since 2022. Traders warn that if the situation persists, broader force majeure declarations may follow, putting manufacturers in Europe, Asia, and America at risk of spot shortages

- The conflict between the U.S. and Iran has disrupted the global aluminum market, with the blockage of the Strait of Hormuz causing a supply chain crisis and warnings of potential large-scale force majeure declarations.  
- Aluminium Bahrain BSC (Alba) has invoked force majeure clauses due to this disruption, leading to a 4% rise in London aluminum prices, the highest since November 2024.  
- As a major supplier in the region, Alba's shipping capabilities have been directly impacted, with manufacturers facing potential supply shortages in Europe, Asia, and the U.S. due to ongoing logistical challenges.

Aluminum prices soar to a new high since 2022, Bahrain Aluminum suspends partial deliveries citing force majeure

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DONGFANG ELEC(01072) rose 11.36%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 52.1%. GIGADEVICE(03986) rose 6.13%, with a trading turnover 880.2 Million HKD, and a year-to-date rose 126.7%. MINIMAX-WP(00100) fell 10.48%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 345.5%. COSCO SHIP ENGY(01138) fell 10.38%, with a trading turnover 2.7 Billion HKD, and a year-to-date rose 95.1%.

DONGFANG ELEC

GIGADEVICE

COSCO SHIP ENGY

EASTROC

CHINA EAST AIR

Top 5 HK Stock Gainers/Losers (>100B) (3.4)

The ongoing war with Iran poses significant risks to Western aluminium supply, particularly through the Strait of Hormuz, a key shipping route. The region produces over 8% of global aluminium output, with Gulf Cooperation Council (GCC) countries becoming major suppliers. The potential closure of Qatar Aluminium due to power supply issues highlights vulnerabilities in the market, which is already facing disruptions from reduced Russian imports and other plant closures. Rising aluminium prices reflect these supply concerns, with further energy price shocks likely to impact Western producers and buyers.

SHENHUO COAL&POWER

ROI-Risks to Western aluminium supply rise as Iran war escalates: Andy Home

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Aluminum stocks in Hong Kong and China surged due to rising aluminum prices following a smelter shutdown in Qatar amid escalating Middle East conflict. Aluminum Corp. of China's shares rose 6.1%, while China Hongqiao Group and Nanshan Aluminium also saw significant gains. The three-month aluminum contract on the London Metal Exchange increased by 1.5% to $3,299.50 per metric ton. The conflict has disrupted energy supplies and shipping routes, raising concerns about global aluminum supply as smelters face production halts due to energy shortages.

MorningStar

CHINA ALUMCAN

Aluminum Stocks in Hong Kong, China Rise Amid Mideast Supply Disruption

JP Morgan's research report points out that due to geopolitical tensions, coal stocks have performed well and are expected to continue rising. CHALCO and CHINAHONGQIAO may benefit from disruptions in aluminum supply. Morgan Stanley is optimistic about gold and copper stocks, believing that buying high-quality mining stocks on dips is valuable. Aluminum prices could quickly rise to $4,000 per ton due to supply disruptions. Lithium is under short-term pressure, with prices expected to hover around 150,000 yuan per ton

Morgan Stanley expects coal and aluminum to perform well in the short term, optimistic about CHALCO and CHINAHONGQIAO

Aluminium prices rose 1.37% to 24,375 yuan per metric ton due to heightened supply risks from Middle East tensions, particularly Iran's closure of the Strait of Hormuz. Copper also saw gains, while tin prices fell sharply by 7.49% amid increased production in Myanmar. Analysts suggest that aluminium prices could continue to rise if disruptions persist, despite the market trading above fair value. Overall, base metals showed mixed movements influenced by inflation fears and a stronger U.S. dollar.

METALS-Aluminium extends gains on deepening Middle East supply fears

Yunnan Aluminum Foil Company, a subsidiary of CHALCO, has increased its registered capital from 800 million yuan to 1.15 billion yuan, an increase of approximately 44%. The company was established in 1996 and mainly engages in the production and sales of aluminum cast-rolled coils, aluminum plates and strips, aluminum foils, and related products. Shareholders include China Aluminum Group High-end Manufacturing Co., Ltd. and Northwest Aluminum Co., Ltd

36Kr

CHALCO's Yunnan Aluminum Foil Company increases its capital to 1.15 billion

CTALUCO@EC2610A(26888.HK)

Top 5 HK Stock Gainers/Losers (>100B) (3.10)

China January-February unwrought aluminium and product exports up 12.8% at 971,000 metric tons - customs

METALS-Aluminium slides as Trump vows quick Mideast war resolution

Aluminum prices rise to a nearly four-year high, at least two large smelters in the Middle East suspend supply

Shanghai's most active aluminium futures contract rises more than 3%