0813 GMT - Aluminum Corp. of China is likely to benefit from higher-for-longer aluminum prices and margins, say Citi analysts in a note. The metal's prices are likely to stay high over the longer term alongside decreasing coal prices. Chinese state-owned aluminum producer Chalco is also likely to have a relative advantage amid China's push for carbon neutrality, as Chalco's projects have all the necessary approvals and its operations meet environmental requirements, the analysts add. Citi raises its 2025-2027 net profit projections by 2%-7%. The bank also raises its target price on Chalco's H-shares to HK$15.94 from HK$12.41. Chalco remains Citi's top sector pick. Shares closed 0.7% lower at HK$13.37. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 08, 2026 03:13 ET (08:13 GMT)
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