Nanshan Aluminum International (02610) saw its shares surge more than 13% during the trading session, reaching a high of HK$69.4 to set a new record high since listing, with the stock price accumulating a gain of over 50% in the past month. As of the time of writing, the stock was up 10.43%, trading at HK$67.25, with a turnover of HK$177 million. Public information indicates that Nanshan Aluminum International is an alumina manufacturer based in Southeast Asia, with its primary product being metallurgical-grade alumina produced using the low-temperature Bayer process. The company ranks as one of the top three alumina producers in Southeast Asia. It possesses a designed alumina production capacity of two million tons. According to Frost & Sullivan's 2023 report, the group is the second-largest producer in the Southeast Asian alumina market, holding a 34.9% market share in the region's alumina industry. A research report from CICC suggested that for aluminum sector stocks, investors should focus on three key selection criteria: first, those with a high capacity-to-market capitalization ratio, offering significant earnings elasticity when aluminum prices rise; second, companies with the capability for overseas expansion, indicating stronger growth potential; and third, given that current alumina prices are already at a bottom range, prioritize targets with higher self-sufficiency in alumina if events such as production shutdowns, anti-internal competition policy stimuli, or disruptions from Guinea's mining policies occur.
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