Chalco's Capacity Expansion Could Boost Long-Term Competitiveness -- Market Talk

Dow Jones03-30

0202 GMT - Aluminum Corp. of China's capacity expansion is likely to reinforce its long-term competitiveness, says DBS Group Research's Tina Ting Hu in a note. The Chinese aluminum producer's acquisition of a Brazilian aluminum company with Rio Tinto is likely to enhance the former's resource footprint and expand its upstream aluminum portfolio, she says. Chalco's higher capital expenditure is also likely to increase its long-term product competitiveness, she adds. Elevated aluminum prices should also drive further results improvement, she says. DBS retains its buy rating, as well as target price of 13.80 yuan on its Shanghai-listed shares and HK$15.20 on its Hong Kong-listed shares. The China-listed shares rise 5.2% to 12.04 yuan, while the Hong Kong shares gain 7.0% to HK$11.57. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 29, 2026 22:02 ET (02:02 GMT)

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(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 29, 2026 22:02 ET (02:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chalco's Capacity Expansion Could Boost Long-Term Competitiveness -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChalco's Capacity Expansion Could Boost Long-Term Competitiveness -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-30 10:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0202 GMT - Aluminum Corp. of China's capacity expansion is likely to reinforce its long-term competitiveness, says DBS Group Research's Tina Ting Hu in a note. The Chinese aluminum producer's acquisition of a Brazilian aluminum company with <a href=\"https://laohu8.com/S/RTNTF\">Rio Tinto</a> is likely to enhance the former's resource footprint and expand its upstream aluminum portfolio, she says. Chalco's higher capital expenditure is also likely to increase its long-term product competitiveness, she adds. Elevated aluminum prices should also drive further results improvement, she says. DBS retains its buy rating, as well as target price of 13.80 yuan on its Shanghai-listed shares and HK$15.20 on its Hong Kong-listed shares. The China-listed shares rise 5.2% to 12.04 yuan, while the Hong Kong shares gain 7.0% to HK$11.57. 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The Chinese aluminum producer's acquisition of a Brazilian aluminum company with Rio Tinto is likely to enhance the former's resource footprint and expand its upstream aluminum portfolio, she says. Chalco's higher capital expenditure is also likely to increase its long-term product competitiveness, she adds. Elevated aluminum prices should also drive further results improvement, she says. DBS retains its buy rating, as well as target price of 13.80 yuan on its Shanghai-listed shares and HK$15.20 on its Hong Kong-listed shares. The China-listed shares rise 5.2% to 12.04 yuan, while the Hong Kong shares gain 7.0% to HK$11.57. 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