《大行》几内亚撤销铝土矿开采许可 星展升中国宏桥(01378.HK)目标价至18元

阿斯达克财经
May 21, 2025

星展发表报告指,西非国家几内亚最近撤销了多项铝土矿开采许可,包括Axis矿区在内,该矿区于2024年铝土矿产量达2,400万吨(约占全球需求的5%)。此举或导致铝土矿及氧化铝价格回升。星展预计,开采许可的撤销或逆转2025年第二季度以来的铝土矿价格下跌趋势,若情况持续,或导致供应收紧。中国国内铝土矿资源有限,仅能满足约30%的需求,故中国政府限制国内铝土矿开采,严重依赖进口,尤其是来自几内亚的供应...

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