Aluminum

CHALCO

CITIC Asset Management Reduces China Aluminum Stake by 12.63 Million Shares on May 15, Raising About 134 Million HKD

China's April Rare Earth Exports Up 35.1%, Alumina Exports Surge 96.6%

CHINALCO Authorizes Repurchase of Up to 10% of A Shares and H Shares

Citibank Reiterates Buy Rating on Chinalco

CICC Upgrades Aluminum Corp of China Rating to Outperform

UBS Maintains Buy Rating on China Aluminum

China Aluminum Corporation Releases 2025 Annual Report and Announces Leadership Changes

CHALCO released FY2026 Q1 earnings on April 23 Pre-Market (BJT), actual revenue HKD 66.32 B, actual EPS HKD 0.3661 (forecast EPS HKD 0.3553)

BlackRock Increases Stake in Aluminum Corp of China H Shares to 9.10%

Chinalco Issues $800 Million Offshore Bond

BlackRock Increases Stake in Chinalco H Shares

CHALCO to Release FY2026 Q1 Earnings on April 23 Pre-Market (BJT), Forecast EPS HKD 0.3553

BlackRock Increases Stake in China Aluminum Co. to 8.14%

Citi Rates CHALCO Buy with a Target Price of HKD 15.94

Morgan Stanley Raises Target Price on China Aluminum Co. to HKD 18.1

Chinalco Boosts Stake in China Aluminum Corp.

China Aluminum Announces Q1 2026 Net Profit Forecast to Increase by 50% to 58%

China Aluminum Corporation's wholly-owned subsidiary acquires 51% equity of Yun Aluminum Logistics

Goldman Sachs Upgrades Chinalco A-Share Rating to Neutral

UAE Aluminum Corporation's facilities enter emergency shutdown

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Citigroup analysts predict aluminum prices could reach $4,000 a ton within three months due to significant supply shocks, with the LME aluminum cash bid price recently hitting $3,635. The Middle East disruptions and reduced operations at smelters have tightened supply, while demand remains high, particularly from China. Analysts foresee a 2.7-million ton reduction in supply this year, leading to potential inventory drawdowns if consumption exceeds production.

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ISHRS MSCI Glb Slct Met & Mining

Invesco DB TR Base Metals ETF

SPDR S&P Mtls & Mng

Citigroup

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Aluminum could hit $4,000 a ton amid most bullish set-up in over 50 years

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SANHUA(02050) rose 6.84%, with a trading turnover 1.8 Billion HKD, and a year-to-date fell 6.3%. Lens(06613) rose 5.23%, with a trading turnover 779.6 Million HKD, and a year-to-date fell 11.4%. YOFC(06869) fell 12.14%, with a trading turnover 5.0 Billion HKD, and a year-to-date rose 331.3%. HUA HONG SEMI(01347) fell 8.74%, with a trading turnover 7.1 Billion HKD, and a year-to-date rose 56%.

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Top 5 HK Stock Gainers/Losers (>100B) (5.15)

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HUAQIN(03296) rose 7.76%, with a trading turnover 263.6 Million HKD, and a year-to-date rose 26.9%. CKH HOLDINGS(00001) rose 4.13%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 28.4%. SERES(09927) fell 6.97%, with a trading turnover 93.0 Million HKD, and a year-to-date fell 34.5%. OMNIVISION(00501) fell 5.48%, with a trading turnover 31.6 Million HKD, and a year-to-date fell 19.4%.

- The Hang Seng Index decreased by 0.76%, with an annual increase of 1%.  
- The Hang Seng Technology Index dropped 0.94%, reflecting a yearly decline of 10.6%.  
- Notable movers include Huajin Technology rising 7.76% and CK Hutchison increasing by 4.13%, while Seres and OmniVision saw declines of 6.97% and 5.48%, respectively.

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China's metals industry reported record profits in Q1, with total profits for non-ferrous metal smelting and pressing exceeding 142 billion yuan (S$26 billion), the highest since 2016. Soaring prices for aluminium and copper, alongside increased sulphuric acid prices due to the Iran war, significantly boosted earnings. This profit surge reflects broader economic reflation in China, with major producers like Aluminum Corp of China and Zijin Mining Group reporting their best earnings in a decade. However, Beijing's export restrictions on sulphuric acid may limit future gains for smelters.

Businesstimes News

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China’s metals industry racked up huge profits in first quarter

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Citi has reaffirmed its Buy rating for Aluminum of China (ALMMF), setting a price target of HK$15.94, while the stock closed at HK$11.56. The analyst consensus indicates a Strong Buy rating with an average price target of HK$15.51, suggesting a potential upside of 34.15%. Additionally, Morgan Stanley also maintains a Buy rating with a higher price target of HK$18.10.

Tip Ranks

Morgan Stanley

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Citi Sticks to Their Buy Rating for Aluminum of China (ALMMF)

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Morgan Stanley's report on Aluminum Corporation of China Limitedindicates a 1Q net profit of RMB5.5 billion, a 56% YoY increase, aligning with earnings guidance. Gross margin rose to 24%, and net gearing ratio decreased to 14%. The firm anticipates elevated aluminum prices due to tight global supply, while alumina prices may fluctuate due to oversupply. The company plans to increase its dividend payout and may buy back shares. Morgan Stanley rates the stock as Overweight with a target price of HKD18.1.

AASTOCKS News

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GF CSI Rare Metals Theme ETF

Hwabao WP CSI Non-ferrous Metal ETF

Yinhua CSI Non-ferrous Metal ETF

Guotai CSI Non-ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

Accendra Health

M Stanley: Aluminum Corporation of China Limited  1Q Net Profit In Line; Rated Overweight

CHALCO(02600.HK)

Aluminum could hit $4,000 a ton amid most bullish set-up in over 50 years

Top 5 HK Stock Gainers/Losers (>100B) (5.15)

Top 5 HK Stock Gainers/Losers (>100B) (5.5)

China’s metals industry racked up huge profits in first quarter

Citi Sticks to Their Buy Rating for Aluminum of China (ALMMF)

M Stanley: Aluminum Corporation of China Limited 1Q Net Profit In Line; Rated Overweight