Citi published a report that included China's aluminum industry in the 30-day upward catalytic factor observation. It believes that due to limited supply of alumina and bauxite, alumina prices are expected to remain strong in the short term, which will be good news for China Aluminum. Citi maintains its “buy” rating with a target price of HK$9.09. It is expected that Chinalco will be the main beneficiary of China's carbon neutrality program and will be able to meet supply due to increased demand. Also, as coal prices fall, aluminum prices and profit margins are likely to remain high for a long time.

Citi published a report that included China's aluminum industry in the 30-day upward catalytic factor observation. It believes that due to limited supply of alumina and bauxite, alumina prices are expected to remain strong in the short term, which will be good news for China Aluminum. Citi maintains its “buy” rating with a target price of HK$9.09. It is expected that Chinalco will be the main beneficiary of China's carbon neutrality program and will be able to meet supply due to increased demand. Also, as coal prices fall, aluminum prices and profit margins are likely to remain high for a long time.