Jinwu Finance News | Aluminum stocks are rising overall, chinahongqiao (01378) increases by 3.29%, rusal (00486) rises by 2.15%, xingfa alum (00098) grows by 1.12%, and aluminum corporation of china (02600) follows suit.

Dongguan Securities states that policy stimulation and fundamentals are both unfolding, leading to steady growth in aluminum market demand. Aluminum materials, with their lightweight, high strength, corrosion resistance, and strong heat dissipation properties, are widely used in fields such as transportation, aviation, energy engineering, and building decoration. Currently, the concepts of lightweight autos and green development are deeply rooted, and various end-use application scenarios are gearing up. Since September, the consumption peak season of "Golden September and Silver October" has arrived, with end enterprises increasing their stocking needs for the end of the year and 2025, pushing aluminum prices to rise again. In the fourth quarter of 2024, the government's stimulus policies for real estate will be unprecedented, and the demand for aluminum in the new energy fund and electrical utilities sectors is steadily increasing. Electrolytic aluminum inventory is accelerating its reduction, and it is expected that aluminum prices will likely reopen the upward channel.