Changes in Hong Kong stocks | Innovative Industries (02788) rose more than 11% to a record high, and international aluminum prices continued to rise. The company is the target of rare electrolytic aluminum growth

The Zhitong Finance App learned that Innovation Industry (02788) rose more than 11% in the intraday period, to a high of HK$23.4, and hit a new listing high. As of press release, it rose 5.3% to HK$21.84, with a turnover of HK$884.0076 million.

According to the news, at the beginning of the new year, Lunan Aluminum broke through the 3,000 US dollar mark, setting the highest record since 2022. Shen Wan Hongyuan believes that domestic electrolytic aluminum production capacity will peak in 2026. Although overseas production capacity has entered an expansion cycle, the increase in global electrolytic aluminum production in 2026 may fall short of market expectations due to the pace of investment and disturbances in electricity supply.

Guolian Minsheng Securities said that with the integrated layout of innovative industrial energy, alumina, and electrolytic aluminum, the production capacity of electrolytic aluminum is distributed in the Inner Mongolia region, where energy costs are advantageous. In the future, as green electricity is connected to the grid, the cost of electrolytic aluminum is expected to drop further. The company is expanding its electrolytic aluminum production capacity overseas in Saudi Arabia. We believe that the company will become a rare target for the industry's rare increase in electrolytic aluminum.