Movement Alert｜Chalco Falls 3.01% in Regular Trading, Multiple Institutions Cut Aluminum Price Forecasts Amid Sector-Wide Weakness

Market Focus07-09

On July 9, Chalco (02600.HK) fell 3.01% in regular trading, trading at HKD 7.45 with turnover of HKD 99.44 million. The decline came as multiple global investment banks cut aluminum price forecasts and the broader aluminum sector came under collective selling pressure.

UBS recently lowered its 2026 and 2027 global aluminum price forecasts to USD 1.50/lb and USD 1.42/lb respectively, cutting China aluminum price estimates to RMB 23,000/ton and RMB 22,500/ton. UBS slashed Chalco's earnings forecast by 15% for this year and 31% for next year, reducing its H-share target price from HKD 17.5 to HKD 14.2 while maintaining a Buy rating. Goldman Sachs also cut aluminum price forecasts, citing Middle East supply recovering faster than expected, with the projected global aluminum deficit shrinking sharply from 720,000 tons to just 100,000 tons.

Additionally, BlackRock's holding in Chalco H-shares declined from 11.34% to 9.57%, signaling institutional capital withdrawal. The aluminum sector broadly weakened on the day, with China Hongqiao down 5.38%, Chuangxin Industrial down 5.41%, and Nanshan Aluminium International down 2.78%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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