On July 3, Innovative Industry (02788.HK) rose 9.99% in regular trading, reaching HKD 14.98 per share, with turnover of approximately HKD 79.31 million.

On the news front, a research report from CMB International noted that aluminum production capacity affected by Middle East tensions is expected to require 12-18 months to recover, with a lack of mutual trust between the US and Iran leaving the possibility of renewed conflict, which will periodically create supply uncertainty for Middle Eastern aluminum. Meanwhile, the company recently completed key asset acquisitions: Inner Mongolia Chuangyuan acquired the remaining 41.5% equity in Shandong Chuangyuan for RMB 526 million and acquired 100% equity of Tongliao Smart Mining for RMB 1 billion, securing upstream alumina supply and expanding into the energy business to strengthen industrial chain control.

The broader aluminum sector rallied in tandem, with China Hongqiao up 4.5% and Chalco up 4.21%.

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