On May 20, Innovative Industrial rose 5.35% in regular trading, trading at 21.66 HKD/share, with trading volume of approximately 89.94 million HKD.
On the news front, the aluminum sector received multiple positive catalysts. Middle East supply disruptions are reshaping the global aluminum industry landscape, creating market opportunities for Chinese aluminum producers. China customs data showed April aluminum exports surged 15% year-on-year to 598,000 metric tons, with cumulative exports reaching 2.05 million tons, up 8.9% year-on-year. Analysts expect further export growth in May and June.
Citi forecast that aluminum inventory will fall to historic lows within 6 to 12 months, projecting a supply shortage of nearly 2.7 million tons this year and aluminum prices potentially reaching $4,000/ton within three months. CMB International's updated model indicates the global aluminum supply gap will widen to 2% in the coming year, noting that even if Middle East conflicts end immediately, full production recovery could take up to 18 months.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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