CHUANGXIN IND (02788) Surges Over 9% in Afternoon Session on Overseas Aluminum Supply-Demand Dynamics

Stock News05-06

CHUANGXIN IND (02788) saw its shares rise more than 9% during afternoon trading. As of the time of writing, the stock was up 8.55%, trading at HK$23.62, with a turnover of HK$105 million. The price movement is attributed to ongoing supply constraints in the global aluminum market. Persistent geopolitical tensions in the Middle East have led to shipping restrictions in the Strait of Hormuz, causing reductions in regional aluminum production capacity and exacerbating the global aluminum supply shortfall. The supply-demand gap for electrolytic aluminum outside of China continues to widen.

It is reported that CHUANGXIN IND holds a stake in the Saudi Red Sea integrated aluminum industry chain project, which covers the entire spectrum of aluminum production. Huayuan Securities noted that Saudi Arabia's advantages in electricity pricing, taxation, and energy reserves are expected to support high-quality growth. Morgan Stanley previously expressed optimism regarding CHUANGXIN IND's overseas capacity expansion, forecasting production growth over the coming years. The brokerage firm believes the company benefits from China's domestic capacity caps while pursuing international growth. CHUANGXIN IND plans to establish 1 million tonnes of aluminum production capacity in Saudi Arabia, with the first phase of 500,000 tonnes already underway and targeted for commissioning in the first quarter of 2027.

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