According to "The Big Banks," CMB International expects aluminum prices to rise by 15% this year, with the aluminum market continuing to face supply shortages
Zhaoyin International expects that the global aluminum market will continue to experience a supply shortage this year, with aluminum prices rising by 15% year-on-year. Although more production capacity may come online outside of China by 2027, the shortage will persist, and aluminum prices will remain high. It is anticipated that global aluminum production capacity will grow by 1.3%, 2.6%, and 1.7% from 2026 to 2028, respectively. Transportation and power electronics will drive the growth of aluminum demand in China. The bank has initiated coverage on CHUANGXIN IND with a "Buy" rating, while maintaining a "Buy" rating on CHINAHONGQIAO, with a target price updated to 45 yuan
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