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Hong Kong stock concept tracking | Domestic electrolytic aluminum production capacity is close to the ceiling, supply and demand gap may continue to exist (with concept stock).
On July 23, the National Development and Reform Commission and five other departments jointly issued the "Special Action Plan for Energy Conservation and Carbon Reduction in the Aluminum Electrolysis Industry".
RX Greater China Hosts Record-Breaking ALUMINIUM CHINA 2024, Focuses on Green Smart Aluminium and International Cooperation
Aluminum industry stocks generally fell with Aluminum Corporation of China (02600) down 5.39%. Institutions pointed out that aluminum prices are expected to fluctuate and grind lower in the short term.
Aluminum stocks are generally down, with Aluminum Corporation of China (02600) down 5.39%, Chinahongqiao (01378) down 3.76% and Xingfa Alum (00098) following suit. Guohai Securities said that in the short term, the aluminum price will maintain a bottom and fluctuate, and the strengthening of the expectation of rate cuts by the Federal Reserve will provide some support to the aluminum price. The discussion on the opening of Indonesian bauxite exports has impacted the market sentiment, and the short-term supply of bauxite is still tight. The price of alumina is strong, which still supports the price of aluminum, and companies with integrated operations will benefit significantly. We pay attention to investment opportunities in the sector in the future, as the long-term supply increment in the aluminum industry is limited, but demand is still growing.
After reaching a new high, the stock price has pulled back and consolidated. Long position opportunities may have opened up for Chinahongqiao (01378).
The aluminum industry is weak in the near term but strong in the long term, and the current adjustment may be an excellent window of opportunity for off-site investors to enter...
Are Robust Financials Driving The Recent Rally In China Hongqiao Group Limited's (HKG:1378) Stock?
Chinahongqiao (01378.HK): Tian Mingming has been appointed as a non-executive director.
On July 11, Gelunhui reported that from July 11, 2024, Tu Yikai resigned as a non-executive director due to work transfer, and Zhang Hao stopped working as Tu Yikai's replacing director. The board of directors is pleased to announce that (i) Tian Mingming has been appointed as a non-executive director effective from July 11, 2024; and (ii) Zhang Hao has been appointed as the director replacing Tian Mingming, effective from July 11, 2024.
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