On June 15, Innovation Metals rose 5.04% in regular trading, trading at 20.22 HKD/share, with turnover of approximately 44.01 million HKD.
On the news front, LME aluminum inventory has fallen below 350,000 tons, marking a near 20-year low, while LME aluminum spot premium reached $95/ton, potentially the highest level since early 2007. European aluminum supply-demand conditions continue to tighten, with institutions projecting volume and price gains for domestic electrolytic aluminum and aluminum processing exports.
Additionally, the company's subsidiary Inner Mongolia Chuangyuan Metal previously disclosed an additional tax payment of approximately RMB 476 million related to high-tech enterprise tax incentive guidance. The full amount has been settled with no administrative penalties involved. The company emphasized that its cash and bank deposits remain ample, and the payment will not materially impact its overall financial position. With the tax-related overhang fully cleared and a supportive medium-term supply-demand outlook for the aluminum sector, the stock continues its recovery trajectory.
(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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