NANSHAN AL INTL (02610) fell more than 6% in early trading, dropping 6.74% to HK$40.68 by the time of reporting, with a turnover of HK$26.51 million. The company announced that overseas alumina prices declined overall in Q3 2025. In July and August, prices fluctuated due to weakened cost transmission from upstream bauxite. By September, new overseas alumina production capacity came online, further driving prices down. The average Q3 overseas alumina price was around $357 per ton, down approximately 29% year-on-year.

NANSHAN AL INTL, a subsidiary of A-share listed Nanshan Aluminum, primarily operates an alumina project in Indonesia. As of August, the company had an annual alumina production capacity of 3 million tons. The construction of a second-phase project, adding 1 million tons per year, is progressing faster than expected, with operations expected to begin in Q4 2025 or Q1 2026. Analysts believe that after the second-phase capacity is operational, the company will become the largest alumina producer in Southeast Asia, strengthening its market influence in the region.