--- title: "CICC: Aluminum prices may accelerate upward; recommends CHINAHONGQIAO, CHALCO, and others" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/278334973.md" description: "CICC released a research report stating that from March 3 to 4, Middle Eastern electrolytic aluminum companies Qatar Aluminum and Bahrain Aluminum announced that they encountered force majeure. Qatar Aluminum has an annual production capacity of 636,000 tons, while Bahrain Aluminum has an annual production capacity of 1.62 million tons, accounting for 0.8% and 2.0% of the global total, respectively. Affected by this news, LME aluminum prices continued to rise, increasing by 2.5% on March 3 and reaching a peak of 5% in the night session on March 4, touching USD 3,418 per ton, a new high since 2022. The bullish outlook for aluminum prices and the expansion of profits per ton of aluminum present a revaluation opportunity. The firm believes that the widening aluminum supply-demand gap and the increased vulnerability brought by the US-Iran conflict, combined with the resonance of global positive fiscal and monetary policies, are likely to push aluminum prices to new highs; considering the low cost, profits per ton of aluminum are expected to further widen. Given the rebound in energy and alumina prices, it is recommended to focus on targets with high self-sufficiency rates in electricity and alumina. Recommended stocks include Nanshan Aluminum, China Hongqiao, China Aluminum, Tianshan Aluminum, Nanshan Aluminum, and Huatong Cable" datetime: "2026-03-09T06:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278334973.md) - [en](https://longbridge.com/en/news/278334973.md) - [zh-HK](https://longbridge.com/zh-HK/news/278334973.md) --- > 支持的语言: [English](https://longbridge.com/en/news/278334973.md) | [繁體中文](https://longbridge.com/zh-HK/news/278334973.md) # CICC: Aluminum prices may accelerate upward; recommends CHINAHONGQIAO, CHALCO, and others According to the Zhitong Finance APP, CICC released a research report stating that from March 3 to 4, Middle Eastern electrolytic aluminum companies Qatar Aluminum and Bahrain Aluminum announced that they encountered force majeure. Qatar Aluminum has an annual production capacity of 636,000 tons, while Bahrain Aluminum has an annual production capacity of 1.62 million tons, accounting for 0.8% and 2.0% of the global total, respectively. Affected by this news, LME aluminum prices continued to rise, increasing by 2.5% on March 3, and at one point rising to 5% in the night session on March 4, reaching USD 3,418 per ton, a new high since 2022. This presents a revaluation opportunity brought by bullish aluminum prices and expanding profits per ton of aluminum. The bank believes that the widening aluminum supply-demand gap and the increased vulnerability brought by the US-Iran conflict, combined with the resonance of global positive fiscal and monetary policies, are likely to push aluminum prices to new highs; considering the low cost, profits per ton of aluminum are expected to further widen. Given the rebound in energy and alumina prices, it is recommended to focus on targets with high self-sufficiency rates in electricity and alumina. Recommended stocks include Nanshan Aluminum International (02610), China Hongqiao (01378), China Aluminum (02600), Tianshan Aluminum (002532.SZ), Nanshan Aluminum (600219.SH), and Huatong Cable (605196.SH) ### 相关股票 - [Minfa Aluminium (002578.CN)](https://longbridge.com/zh-CN/quote/002578.CN.md) - [CHALCO (601600.CN)](https://longbridge.com/zh-CN/quote/601600.CN.md) - [TIANSHAN ALUMINUM (002532.CN)](https://longbridge.com/zh-CN/quote/002532.CN.md) - [CHINAHONGQIAO (01378.HK)](https://longbridge.com/zh-CN/quote/01378.HK.md) - [CHALCO (02600.HK)](https://longbridge.com/zh-CN/quote/02600.HK.md) - [NANSHAN ALUMINIUM (600219.CN)](https://longbridge.com/zh-CN/quote/600219.CN.md) - [Penghua Guozheng Non-ferrous Metal Industry ETF (159880.CN)](https://longbridge.com/zh-CN/quote/159880.CN.md) - [ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF (516650.CN)](https://longbridge.com/zh-CN/quote/516650.CN.md) - [Guotai CSI Non-ferrous Metal ETF (159881.CN)](https://longbridge.com/zh-CN/quote/159881.CN.md) - [Dacheng Non-Ferrous Metal Futures ETF (159980.CN)](https://longbridge.com/zh-CN/quote/159980.CN.md) - [China Southern CSI SWS Non-Ferrous Metal ETF (512400.CN)](https://longbridge.com/zh-CN/quote/512400.CN.md) - [Guotai CSI Non-Ferrous Metal Kuangye Theme ETF (561330.CN)](https://longbridge.com/zh-CN/quote/561330.CN.md) - [Wanjia CSI Industry Non-Ferrous Metal Theme ETF (560860.CN)](https://longbridge.com/zh-CN/quote/560860.CN.md) ## 相关资讯与研究 - [Iran blows hole in US aluminium supply chain with smelter strikes](https://longbridge.com/zh-CN/news/281058558.md) - [Jefferies Adjusts Aluminum Corp. of China's Price Target to 15.20 Yuan From 16.20 Yuan, Keeps at Buy](https://longbridge.com/zh-CN/news/280990206.md) - [RUSAL Registers Prospectus for Long-Term Exchange-Traded Bond Programs](https://longbridge.com/zh-CN/news/281561700.md) - [New Buy Rating for Jiaxin International Resources Investment Limited (3858), the Basic Materials Giant](https://longbridge.com/zh-CN/news/281452487.md) - [Jefferies Adjusts Aluminum Corp. of China's Price Target to HK$14.70 From HK$16.40, Keeps at Buy](https://longbridge.com/zh-CN/news/280990196.md)