Changes in Hong Kong stocks | China Aluminum (02600) rose more than 4% in early trading and plans to acquire shares in three subsidiaries including Yunlu Yongxin to help strengthen control

The Zhitong Finance App learned that China Aluminum (02,600) rose more than 4% in early trading. As of press release, it had risen 3.34% to HK$11.13, with a turnover of HK$225 million.

According to the news, China Aluminum recently announced that Yunlu Co., Ltd. plans to acquire shares in Yunlu Yongxin, Yunlu Runxin, and Yunlu Hongxin from Yunnan Metallurgical. All three companies are holding subsidiaries of Yunlu Co., Ltd. After the acquisition was completed, Yunnan Metallurgical no longer holds shares in the three companies, which helps Yunlu Co., Ltd. to optimize the shareholding structure of its enterprises, achieve specialized collection of aluminum assets, and increase the production capacity of electrolytic aluminum equity, which is in line with the strategic goal of Yunlu Co., Ltd. to improve and strengthen its core business.

HSBC released a research report saying that looking ahead to the strengthening of the fundamentals of China's aluminum industry next year, downstream demand will continue to grow, and potential supply shortages will become the focus of market attention. It is expected that China's production capacity will maintain its upper limit of 45 million tons, and new global production capacity will remain limited. With the support of the development of the electric vehicle industry and power grid investment, China's demand remains stable, and the drag expectations from the construction industry weaken. It is expected that aluminum prices will increase 6% year on year in 2026, and there is an upward risk.