大摩:铝行业产能整合有利于行业龙头中国铝业和中国宏桥

智通财经
Dec 29, 2025

智通财经APP获悉,摩根士丹利发布研报称,国家发改委上周五(26日)发表以《大力推动传统产业优化提升》为题的文章,提及强化氧化铝与铜冶炼产业的管理及优化布局,并鼓励氧化铝及铜冶炼大型骨干企业实施兼并重组。该行认为,氧化铝价格因供给增加而持续受压,目前建成产能达1.1亿吨,利用率84%,而中国需求基本已达上限。该行认为新政策可能限制新增规划氧化铝产能,并预计产能整合将有利于行业龙头如中国铝业(...

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