Jinwu Financial News | Aluminum stocks rose, China Hongqiao (01378) rose 3.29%, Rusal (00486) rose 2.15%, Xingfa Aluminum (00098) rose 1.12%, and China Aluminum (02600) followed suit.
Dongguan Securities said that with policy incentives and fundamentals, demand in the aluminum market is growing steadily. With its excellent properties such as light weight, high strength, corrosion resistance, and strong heat dissipation, aluminum is widely used in transportation, aerospace, energy engineering, and building decoration. Currently, concepts such as automobile lightweighting and green development are deeply rooted in the hearts of the people, and many application scenarios for terminals are ready to be launched. Since September, the “gold nine silver ten” peak consumption season has arrived, and terminal companies have increased their demand for stocking at the end of the year and 2025, driving aluminum prices to rise again. In the fourth quarter of 2024, the country's stimulus policy for real estate was unprecedented, and demand for aluminum in fields such as new energy vehicles and power engineering increased steadily, and electrolytic aluminum stocks were being eliminated at an accelerated pace. It is expected that aluminum prices will once again start an upward channel.
