Movement Alert|China Hongqiao Rises 3.5% in Regular Trading, Guinea Bauxite Export Control Policy Nearing Implementation Boosts Aluminum Sector

Market Focus
06/02

On June 2, China Hongqiao rose 3.5% in regular trading, trading at 29.38 HKD/share, with trading volume of HKD 243 million.

On the news front, the world's largest bauxite-producing country Guinea has confirmed it will formally finalize bauxite export control policies in June. Market estimates suggest export quotas could reduce Guinea's annual export volume by approximately 30 million tonnes to 150 million tonnes, representing an 18% decline. Guinea accounts for over one-third of global bauxite production, and approximately 74% of China's imported bauxite originates from the country, with the approaching policy implementation driving upward expectations across the aluminum value chain.

China Hongqiao is a vertically integrated aluminum industry leader with electrolytic aluminum capacity of 6.46 million tonnes and alumina capacity of 21 million tonnes, making it one of only two domestic companies with alumina capacity exceeding 10 million tonnes per year. As a member of the Winning Consortium, the company maintains bauxite resource operations in Guinea, providing relatively strong raw material security. Within the aluminum sector, CHALCO rose 2.02% and RUSAL gained 1.71%.

(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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