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Aluminum stocks generally rose, chinahongqiao (01378) increased by 3.29%. Institutions indicate that aluminum prices are expected to reopen an upward channel in the fourth quarter.
Chinahongqiao's stock price rose, with China Hongqiao (01378) up 3.29%, RUSAL (00486) up 2.15%, Xingfa Alum (00098) up 1.12%, and Aluminum Corporation of China (02600) following suit. Dongguan Securities stated that policy stimulus and fundamentals are performing together, with steady growth in aluminum market demand. Aluminum materials, with excellent properties such as lightweight, high strength, corrosion resistance, and strong heat dissipation, are widely used in transportation, aviation, energy engineering, architectural decoration, and other fields. Currently, the concepts of lightweight autos and green development are deeply rooted in people's hearts, with multiple terminal application scenarios ready to take off. Since September,
Cancellation of aluminum and copper material export tax rebates; domestic and international prices show differentiation; leading enterprises accelerate overseas layout.
① Following the announcement of the cancellation of export tax rebates for aluminum and copper materials, aluminum prices showed a trend of "strong externally, weak internally"; ② In the long term, this will drive the industry to focus on high value-added product areas and the overseas expansion of enterprises.
There's A Lot To Like About Aluminum Corporation of China's (HKG:2600) Upcoming CN¥0.082 Dividend
Hong Kong stocks fluctuated | Non-ferrous stocks collectively under pressure, jl mag rare-earth (06680) fell nearly 8% in the afternoon as the strong dollar continued to exert pressure on non-ferrous metals.
The colored stocks are collectively under pressure. As of the time of publication, jl mag rare-earth (06680) is down 7.3%, trading at 8.76 Hong Kong dollars; ganfenglithium (01776) is down 7.16%, trading at 24 Hong Kong dollars; lingbao gold (03330) is down 4.92%, trading at 2.9 Hong Kong dollars.
Hong Kong stocks are volatile | Non-ferrous stocks continue to decline, the strong US dollar puts pressure on non-ferrous industrial metals, and the consumer season for industrial metals seems slightly insufficient.
Non-ferrous stocks continue to decline. As of the time of publication, Aluminum Corporation of China (02600) fell by 8.01%, to HK$5.05; JL Mag Rare-Earth (06680) fell by 7.72%, to HK$9.09; CMOC Group Limited (03993) fell by 6.54%, to HK$6.14.
HSBC: Raised chinahongqiao (01378) target price from HK$14.5 to HK$16.
HSBC Global Research remains bullish on China's aluminum industry in 2025, expecting profit margins to continue to rise. The bank maintains a "buy" rating on Chinahongqiao (01378), with a target price of HK$16.00.
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102884128 : getting disappointed with this counter. every day drop.