CHUANGXIN IND (02788) rose more than 7% in late trading. As of the time of writing, the stock was up 7.35%, trading at HK$23.94, with a turnover of HK$93.953 million.

On the news front, the domestic price of electrolytic aluminum reached RMB 23,300 per ton on January 5, marking the highest level since March 2022.

Everbright Securities noted in a research report that on December 29, 2025, the copper-to-aluminum price ratio hit 4.49, a record high since 2003, which could accelerate the substitution of aluminum for copper in certain sectors.

Furthermore, overseas supply of electrolylytic aluminum faces disruptions, and the expansion of new production capacity remains limited in the short term.

It is noteworthy that in March 2025, CHUANGXIN IND planned to jointly invest in the Saudi Red Sea Aluminum Industry Chain Integrated Project with CHUANGXIN Group and CHUANGXIN New Materials, among others, with the company holding a 33.6% stake in the project.

Guolian Minsheng Securities stated that CHUANGXIN IND has an integrated layout spanning energy-alumina-electrolytic aluminum, with its electrolytic aluminum capacity located in the Inner Mongolia region, which benefits from lower energy costs. In the future, as green power is connected to the grid, the cost of electrolytic aluminum is expected to decrease further.

The company's move to expand its electrolytic aluminum capacity overseas in Saudi Arabia positions it as a rare player in the industry with incremental electrolytic aluminum production.