No Data
Tianshan Aluminum's Two Shareholders Scrap Stake Reduction Plan
Express News | Tianshan Aluminum: Actual controller has not reduced holdings and has terminated the share reduction plan in advance
Express News | The nonferrous metals sector continued to weaken, with Aluminum Corporation of China nearing its daily trading limit downside.
Shares of non-ferrous metal companies listed on the A-share market declined collectively, with Aluminum Corporation of China falling more than 6% and CMOC Group dropping over 4%.
Gelonghui, June 4 — Nonferrous metal stocks in China's A-share market declined collectively. Among them, Aluminum Corporation of China fell by more than 6%; Tianshan Aluminum, Orient Zirconic Industry, and Zinc Corporation dropped over 5%; and Guocheng Mining, Dingsheng New Materials, Tongling Nonferrous Metals, Shengtun Mining, Chihong Zinc & Germanium, Yunnan Aluminum, CMOC Group, Minfa Aluminum, Yunnan Tin, Advanced Technology & Materials, Hongqiao Holding, Zhongjin Lingnan, Xingye Silver & Tin, Zhongfu Industrial, Jinduicheng Molybdenum, and Shenhuo Co. all fell by more than 4%.
Guotai Haitong: Leading metal producers demonstrate notable allocation value; rare earths remain attractive for medium- to long-term investment.
In the medium to long-term outlook, the bank remains optimistic about the investment value of rare earths as a key strategic resource.
CICC: Guinea Plans to Impose Controls on Bauxite Exports, Potentially Driving Alumina Prices Higher
Guinea will officially announce its final export control measures for bauxite in June. CICC, in a research report, noted that Guinea has a significant impact on global bauxite supply and stated that the new policy requires companies to strictly align their production and export volumes with approved mine plans, prohibiting any over-quota output. This implies that global bauxite supply will gradually tighten at the margin. As Guinea is a primary source of China’s bauxite imports, changes in its policy will directly affect the pace of raw material arrivals in China, disrupting the previously sustained loose supply conditions and driving bauxite prices to gradually recover. The firm also noted that the alumina industry as a whole is currently on the verge of losses, and on one hand, rising bauxite prices could