Movement Alert|China Hongqiao Rises 3.04% in Regular Trading, Global Aluminum Supply Shortage Expectations Intensify Amid Large-Scale Buyback Cancellation

Market Focus
昨天

On May 22, China Hongqiao rose 3.04% in regular trading, reaching HKD 30.12/share, with trading volume of approximately HKD 379 million.

On the news front, global aluminum supply shortage expectations continue to escalate as Middle East supply disruptions reshape the aluminum industry landscape. Citi forecasts aluminum inventory will fall to historic lows within the next 6 to 12 months, projecting a nearly 2.7 million-ton supply deficit even under weak demand scenarios. China customs data showed April aluminum exports surged 15% year-over-year to 598,000 tons, with cumulative exports reaching 2.05 million tons, up 8.9% year-over-year. Additionally, the company completed the cancellation of 92.376 million repurchased shares on May 20, reducing total issued share capital from approximately 9.91 billion to 9.82 billion shares, representing a buyback expenditure of around HKD 3.08 billion. The aluminum sector strengthened broadly today, with CHALCO up 2.92% and Chuangxin Industrial up 2.37%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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