02600 CHALCO
- 4.280
- +0.110+2.64%
CHALCO News
Nonferrous metals sector generally rose, with Chinahongqiao (01378) rising 5.75%. In July, prices for nonferrous metal materials increased by 11.3%.
Jingu financial news | The nonferrous metals sector rose across the board, with China Hongqiao (01378) up 5.75%, Luoyang Molybdenum (03993) up 4.25%, Aluminum Corporation of China (02600) up 4.08%, Zijin Mining Group (02899) up 3.35%, and Jiangxi Copper (00358) up 3.1%. On the news front, data from the National Bureau of Statistics showed that in July 2024, the producer prices for industrial products fell by 0.8% year-on-year and 0.2% month-on-month. Among them, prices in the black metal smelting and rolling processing industry fell 3.7%, while prices in the nonferrous metal smelting and rolling processing industry rose.
HK stocks unusual | Aluminum industry valuation level has huge room for improvement. Aluminum Corporation of China (02600) and Chinahongqiao (01378) both rose more than 4%.
Aluminum stocks are collectively rebounding. As of press time, Aluminum Corporation of China (02600) rose 4.14%, at HKD4.28; and Chinahongqiao (01378) increased 4.96%, at HKD9.53.
Yunnan Copper (000878.SZ): Aluminum Corporation of China's shareholding period has expired, accumulating a 1.98% shareholding.
On February 5, 2024, Yunnan Copper (000878.SZ) announced that it received a notice from its indirect controlling shareholder, Aluminum Corporation of China (Chinalco), about a plan to increase its shareholding in the company through the trading system of the Shenzhen Stock Exchange. Chinalco plans to increase its shareholding by no less than 1% of Yunnan Copper's total issued shares, or 20,036,283 shares, and no more than 2%, or 40,072,566 shares, within six months. As of the date of this announcement,
HK Stocks Movement: Non-ferrous metal stocks plummeted in early trading, and it will still take time for domestic policies to be transmitted. The overseas macro game has intensified.
Non-ferrous metal stocks fell sharply in the morning. As of the time of writing, Aluminum Corporation of China (2600) fell 4.29% to HK$4.24; CMOC Group Limited (3993) fell 3.63% to HK$6.11; Zijin Mining Group (2899) fell 3.39% to HK$15.4; Jiangxi Copper (358) fell 3.45% to HK$13.44.
Hong Kong stock concept tracking | Institutions bullish on aluminum industry's profit and valuation synchronization improvement due to tight supply and demand of bauxite (including concept stocks)
Industry insiders say that the supply of bauxite will continue to limit alumina production in the second half of 2024.
Statistics on the abnormal proportion of Smart Hong Kong Stock Connect on July 31st.
Statistics on abnormal proportion of smart Hong Kong stock connect on July 30, 2024.
Aluminum Corporation of China (02600) plans to repurchase and cancel 1.8823 million A-share restricted stocks.
Aluminum Corporation of China (02600) has released an announcement, stating that in view of the company's implementation of the annual equity distribution for 2023 in accordance with relevant regulations...
Hong Kong stocks anomaly | Nonferrous metal stocks collectively weaken, overseas recession trade heats up, nonferrous metals as a whole under pressure.
Non-ferrous metal stocks are weak. As of press time, Aluminum Corporation of China (02600) fell 3.2% to HKD 4.23; CMOC Group Limited (03993) fell 3.06% to HKD 6.01; Jiangxi Copper (00358) fell 2.35% to HKD 13.28.
Hong Kong stock concept tracking | Economist predicts that the Federal Reserve will signal a rate cut in September this week, and the resource sector is expected to stabilize. (Includes sector stocks)
The Federal Reserve will use the July 30-31 meeting as a preparation to cut interest rates by 25 basis points at the next meeting in September.
Aluminum Corporation of China (02600.HK): Ye Guohua resigns as chairman of the Supervisory Board and representative supervisor of the shareholders.
Aluminum Corporation of China (02600.HK) announced on July 25th that the board of supervisors had received the written resignation letter from Ye Guohua on July 25th, 2024. Due to job transfer, Mr. Ye requested to resign as the chairman of the board of supervisors and the representative supervisor of the shareholder, effective immediately.
Jiangsu Ankura Smart Transmission Engineering Technology (300617.SZ): won the bid for the RMB 18.6086 million aluminum electrolytic bath capacity replacement and upgrading project, including the purchase and installation of complete equipment.
On July 25th, Gelunhui reported that Jiangsu Ankura Smart Transmission Engineering Technology (stock code: 300617.SZ) has recently received the notice of winning bid for the GIL project. The winning bid amount is RMB 18.60863 million, accounting for approximately 1.94% of the company's revenue audited in 2023. The bid evaluation work for the purchase and installation of 330kV GIL complete equipment for the 600 KA electrolytic cell capacity replacement and upgrading project of the Qinghai Branch of Aluminum Corporation of China, organized by China Aluminum Tendering Co., Ltd. (0124-ZB01536), has been completed. After careful evaluation and recommendation by the expert group and confirmation by the owner, the company has won the bid. The awarded content:
Founder Securities: Prices of non-ferrous industry and industrial metals are weakening, and gold prices are reaching new highs.
Domestic demand for industrial metals has entered the off-season, coupled with increasing expectations of a U.S. economic downturn. Industrial metal prices may remain weak, and attention can be paid to downstream demand changes in the off-season. In addition, the expectation of interest rate cuts is gradually fermenting, coupled with the weakening of the U.S. credit system, and the short-term gold price may maintain a high-level shock trend.
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".
Aluminum Corporation of China (02600) fell by 6.6% in the Hong Kong stock connect. Previously, it was hit by a reduction of 15.05 million shares by E Fund Management Co., Ltd. The price of aluminum remains weak.
Jingu Caixun | The stock price of Aluminum Corporation of China (02600) is under pressure, and the decline further expanded in the afternoon. As of publication, the stock price is HK$4.39, a decrease of 6.6%, with a turnover of HK$160 million. According to the latest equity disclosure data from the Hong Kong Stock Exchange, on July 17, 2024, Aluminum Corporation of China suffered a shareholding reduction of 15.05 million shares by E Fund Management Co., Ltd. at an average price of HK$4.8896 per share, involving approximately HK$73.5885 million. After the reduction, the total number of shares held by E Fund Management Co., Ltd. is 194,102,427, and the shareholding ratio has decreased from 5.30% to 4.92%. other
HK Stock Market Changes | Non-ferrous metal stocks continue to weaken, CMOC Group Limited (03993) dropped by 5%, lingbao gold (03330) dropped by 3%.
Non-ferrous metal stocks continue to weaken. As of press time, cmoc group limited (03993) fell by 5%, to HKD 6.46; Lingbao Gold (03330) fell by 3%, to HKD 3.23; and Zijin Mining Group (02899) fell by 2.59%, to HKD 15.78.
RX Greater China Hosts Record-Breaking ALUMINIUM CHINA 2024, Focuses on Green Smart Aluminium and International Cooperation
Aluminum Corporation of China (02600.HK) was reduced by E Fund Fund for 15.05 million shares.
According to the latest equity disclosure data of the Hong Kong Stock Exchange, on July 17, 2024, Aluminum Corporation of China (02600.HK) was reduced by 15.05 million shares at an average price of HKD 4.8896 per share by E Fund Management Co., Ltd., involving about HKD 73.5885 million. After the reduction, E Fund Management Co., Ltd.'s latest shareholding number is 194,102,427 shares, and the shareholding ratio has decreased from 5.30% to 4.92%.
Hong Kong stock concept tracking | Metal sector is the big winner in the first half of the year! Institutions: The long-term trend of precious metals and non-ferrous commodities is still bullish. (Attached concept stock)
Recently, the industrial metals sector has successively disclosed its half-year performance forecasts.
Aluminum Corporation of China (02600) will distribute a cash dividend of 0.08 yuan per share for A shares on July 26.
Aluminum Corporation of China (02600) announced that the company will distribute a cash dividend of per share of A shares on July 26, 2024.
Aluminum corporation of China (601600.SH): Annual equity distribution of 10 shares and 0.8 yuan in 2023, with an ex-dividend (ex-interest) date of July 26.
Aluminum Corporation of China (601600.SH) announced on July 18th that the company's annual equity distribution plan for 2023: the profit distribution is based on the company's total share capital of 17,158,381,228 shares before the implementation of the plan, with a cash dividend of RMB 0.08 per share (including tax), totaling RMB 1,372,670,498.24 in cash dividends (including tax). The ex-right and ex-dividend date is July 26th, and the record date is July 25th.
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