Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CMBI Expects Aluminum Prices to Rise 15% This Yr as Aluminum Mkt to Continue Facing Supply Shortage
Recommend 6 Positive 8 Negative 3 |
||||
|
||||
|
CMBI anticipated that the global aluminum market will continue to face a supply shortage this year, primarily due to almost full China's capacity utilization and limited new output overseas. It is expected that aluminum prices will rise by 15% YoY this year. Although more capacity may commence outside of China in 2027, the shortage is expected to persist, keeping aluminum prices high. Therefore, the broker initiated coverage on CHUANGXIN IND (02788.HK), with rating at Buy (key themes: sales growth in the Saudi Arabian market and cost advantages driven by further cost decrease on renewable energy). Moreover, after incorporating higher aluminum price assumptions, CMBI kept rating at Buy for CHINAHONGQIAO (01378.HK), and updated its target price to $45, believing that the recent stock price correction provides a good buying opportunity. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
