Movement Alert|Chalco Falls 3.36% in Regular Trading, Goldman Sachs Sell Rating Aftershock Continues Amid Middle East Aluminum Supply Overhang

Market Focus06-25 09:39

On June 25, Chalco (China Aluminum Corporation) fell 3.36% in regular trading, trading at HKD 7.73/share, with turnover of HKD 46.23 million. The stock continues its multi-session decline driven by a confluence of bearish catalysts.

On the news front, Goldman Sachs previously downgraded Chalco to Sell with a target price slashed 40% from HKD 12.5 to HKD 7.5, citing accelerating Chinese aluminum capacity expansion expected to exceed 48 million tonnes and significant industry profit compression ahead. Citigroup also cut its target to HKD 7.6. Additionally, the US-Iran peace agreement has fueled expectations of Hormuz Strait reopening, with 500,000 to 1 million tonnes of accumulated Middle Eastern aluminum inventory potentially flooding the market. Indonesian smelting capacity is also ramping rapidly, further weighing on aluminum prices.

Within the Aluminum sector, the overall sector traded lower. Among peers, China Hongqiao fell 4.22%, Chuangxin Industrial fell 6.66%, Nanshan Aluminum International fell 4.58%, while Rusal and Xingfa Aluminum were flat.

(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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