Base Metal Prices Mixed; Aluminum Holds Ground After Trump Plans Tariffs -- Market Talk
China Securities Co.,Ltd.: Financial attributes lead, Copper and Aluminum prices rise.
Under the stimulus of the trade-in policy, the production of Electric Vehicles and home appliances exceeds expectations, and Consumer demand is expected to further drive price increases, especially for Copper and Aluminum, which are in limited supply.
Trump is once again wielding the tariff big stick: on Monday, he will announce a 25% tariff increase on Steel and Aluminum imports.
① The President of the USA, Trump, announced on Sunday that he would impose a 25% tariff on the import of Steel and Aluminum from all countries on Monday; ② This marks an escalation of the trade war between the USA and its economic partner countries; ③ Trump also stated that he would announce reciprocal tariffs for all countries on Tuesday or Wednesday.
Hong Kong stocks movement | Aluminum Corporation Of China (02600) rose nearly 3% as Institutions remain Bullish on the upward trend of aluminum prices despite the risks of tariff escalation.
Aluminum Corporation Of China (02600) rose nearly 3%, as of the time of writing, it increased by 2.82%, reported at 5.11 Hong Kong dollars, with a transaction volume of 60.9096 million Hong Kong dollars.
Express News | BlackRock's Long Position in H-Shares of Aluminum Corporation of China Decreases to 4.56% on Jan. 29 From 5.26% - HKEX
【Brokerage Focus】Bank of America Securities: Competition in the Global Aluminum market is intensifying, and prices are expected to rise.
Jinwu Finance | The Global Metal Weekly report released by Bank of America shows that the global Aluminum market is undergoing profound changes, with supply tightening and competition intensifying, leading to a likely increase in Aluminum prices by 2025. In 2024, the global Aluminum production is expected to grow by 2.9% year-on-year, but the growth momentum for supply in the fourth quarter is insufficient. In China, constrained by the government's capacity limit of 45 million tons, along with the rising costs of bauxite and alumina squeezing profit margins, and the impact of the cancellation of export tax rebates, Aluminum production has stabilized since July, with a significant decline in exports in December. Globally, there are limited new smelters coming online, resulting in tight market supply. The USA Aluminum market is also facing challenges. Near
Here's Why Aluminum Corporation of China (HKG:2600) Can Manage Its Debt Responsibly
Aluminum Corporation Of China (02600) has canceled 0.8668 million repurchased shares.
Aluminum Corporation Of China (02600) released an announcement regarding the repurchase of certain restricted Stocks under the 2021 restricted Stocks incentive plan...
[Brokerage Focus] Sealand: The long-term supply increase in the Aluminum Industry is limited, but there are still growth points in demand.
Jinwu Finance | Sealand pointed out that in the short term, aluminum processing enterprises have basically entered the Spring Festival holiday, and the seasonal accumulation of aluminum ingot and aluminum rod inventories will exert some pressure on aluminum prices. Attention should be paid to the resumption of work and demand situation after the holiday. Regarding alumina, with the recovery of bauxite imports and the release of alumina production capacity, the supply and demand of alumina are gradually becoming loose, and prices are entering a downward trend. Considering the long-term growth of alumina production capacity, expectations for a decline in future prices are strong. The firm stated that if aluminum prices rise with the seasonal recovery in demand, and alumina prices gradually return to reasonable levels, the profitability of the electrolytic aluminum segment may continue to recover, and the sector is expected to welcome a rebound.
Express News | Aluminum Corporation Says Board Approves Unit to Set up Coal Electricity Project Worth About 4.6 Bln Yuan
Morgan Stanley: Maintains Aluminum Corporation Of China (02600) "Shareholding" rating with a Target Price of 5.5 Hong Kong dollars.
Morgan Stanley expects aluminum prices to remain at relatively high levels, while believing that the Aluminum Corporation Of China's profitability will shift back to aluminum, providing support for its robust earnings.
China Aluminum: China Aluminum 2024 Annual Performance Pre-Increase Announcement
China Aluminum 2024 performance advance announcement
Hong Kong Stock Announcement for Investment | Aluminum Corporation Of China expects an annual net income of 12 billion yuan to 13 billion yuan, an increase of 79% to 94% year-on-year.
Tianqi Lithium Corporation (09696) issues a profit warning, expecting an annual net loss attributable to shareholders of between 7.1 billion yuan and 8.2 billion yuan; SUNAC (01918): The Great Wall Risk Assets Activation Investment Center plans to invest no more than 2.476 billion yuan to restructure the existing debt of the Chongqing Bay project and provide additional financing to revitalize the project.
Last year's net profit is expected to increase by more than 70%. Aluminum Corporation Of China achieved its best performance since going public. Industry insiders believe that aluminum prices will continue to rise.| Interpretations
① Aluminum Corporation Of China expects a net profit growth of over 70% year-on-year in 2024, achieving the best annual performance since its listing; ② Industry insiders predict that aluminum prices will continue to rise in 2025.
Selected announcements from Gelonghui (Hong Kong stocks)︱Shandong Chenming Paper (01812.HK) expects a net loss of 6.5 billion to -7.5 billion yuan for the 2024 fiscal year.
[Today's Focus] Shandong Chenming Paper (01812.HK) expects a net loss of 6.5 billion to 7.5 billion yuan for the fiscal year 2024. Shandong Chenming Paper (01812.HK) announced that it expects a net loss attributable to shareholders of the listed company for the fiscal year 2024 to be between 6.5 billion yuan and 7.5 billion yuan, compared to a loss of 1.28129 billion yuan in the same period last year. The net loss after excluding non-recurring gains and losses is expected to be between 6.55 billion yuan and 7.55 billion yuan, compared to a loss of 1.94212 billion yuan in the same period last year. Explanation of the reasons for performance changes: 1) In recent years, the papermaking industry has faced new...
Gelonghui Announcement Highlights | Aluminum Corporation Of China: Net income is expected to increase by 79% to 94% for the fiscal year 2024; Aisen Co., Ltd.: Plans to purchase a controlling stake in Banor New Materials and raise matching funds. Suspensio
【Hot News】Suzhou Xingye Materials Technology (603928.SH): The company's Semiconductor photoresist phenolic Resin is currently in the sample testing phase and has not yet generated sales revenue. Aisen Technology (688720.SH): Plans to acquire control of Banuo New Materials and raise supporting funds, trading will be suspended from January 24. Fumiao Technology (688350.SH): The controlling shareholder plans to change the control rights, trading will be suspended from January 24. 【Project Investment】Shenzhen Das Intellitech (002421.SZ): Signed the second phase project of the Union Medical headquarters in Wuhan. Sichuan Road & Bridge Group (600039.SH): Its subsidiary construction company is investing in a stake in Luohuo.
Chalco Anticipates Up to 94% Increase in 2024 Profit
Express News | Aluminum Corporation of China Ltd Sees Net Profit Attributable RMB12.0 Bln to RMB13.0 Bln for Year
CHALCO: OVERSEAS REGULATORY ANNOUNCEMENT AND INSIDE INFORMATION - ANNOUNCEMENT ON ESTIMATED PROFIT INCREASE FOR THE YEAR OF 2024