CHUANGXIN IND (02788) saw its shares surge more than 11% during the trading session, reaching a high of HK$23.4 and setting a new record high since its listing. As of the time of writing, the stock was up 5.3% to HK$21.84, with a turnover of HK$88.4076 million.

At the start of the new year, London aluminum prices broke through the $3,000 per tonne barrier, reaching their highest level since 2022. Shenwan Hongyuan believes that domestic primary aluminum production capacity in China will peak in 2026, and although overseas capacity is entering an expansion cycle, due to the pace of new project commissioning and disruptions in power supply, the global increase in primary aluminum output by 2026 may fall short of market expectations.

Guolian Minsheng Securities stated that CHUANGIN IND has an integrated layout spanning energy, alumina, and primary aluminum, with its primary aluminum capacity located in the Inner Mongolia region, which holds an advantage in energy costs. In the future, as green power is integrated into the grid, the company's primary aluminum production costs are expected to decrease further. The company is expanding its primary aluminum capacity overseas in Saudi Arabia, and it is viewed as a rare player in the industry with potential for growth in primary aluminum output.