On August 10, CHALCO rose 3.26% in regular trading, trading at HK$8.93/share, with turnover of HK$55.05 million. The rally was driven by sustained aluminum industry prosperity and sector-wide strength.
On the news front, spot aluminum prices recently climbed to RMB 23,720/ton, up over 15% year-over-year, supported by Middle East geopolitical risk escalation and continued domestic inventory destocking. CHALCO previously disclosed H1 net profit attributable to shareholders of RMB 11.2 billion to RMB 12.2 billion, representing 58% to 73% year-over-year growth and a record high for the period. Additionally, controlling shareholder Chinalco Group committed to a RMB 1-2 billion share purchase plan backed by an RMB 1.8 billion dedicated loan facility from ICBC, reinforcing market value management efforts.
Within the Aluminum sector, peers China Hongqiao rose 2.48%, Nanshan Aluminum International rose 2.01%, and Chuangxin Industrial rose 1.2%, confirming broad sector momentum.
(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.)