CITIC Securities: The growth rate of supply is expected to rapidly decline, and there is potential for pump in aluminum prices.

GoldenOctober2024

2024-12-14 01:48:14

The Golden Ten Data on December 14th reported that CITIC Securities research report pointed out that the global aluminum production growth rate from 2024 to 2027 is expected to be 3.6%/2.2%/1.7%/0.9%, showing a rapid decline trend. At the same time, the calculation results show that the incentive price for overseas aluminum electrolysis projects may be as high as $3,000/¥24,000. The current aluminum price is difficult to stimulate overseas capacity expansion. It is bullish on the pump space of aluminum price and the value of aluminum sector configuration under the strong supply constraints. Maintain a rating of “stronger than the market” for the aluminum sector.

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Taijul

· 2024-12-14 01:55

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HoshikawaV

· 2024-12-14 01:52

The Golden Ten Data on December 14th reported that CITIC Securities research report pointed out that the global aluminum production growth rate from 2024 to 2027 is expected to be 3.6%/2.2%/1.7%/0.9%, showing a rapid decline trend. At the same time, the calculation results show that the incentive price for overseas aluminum electrolysis projects may be as high as $3,000/¥24,000. The current aluminum price is difficult to stimulate overseas capacity expansion. It is bullish on the pump space of aluminum price and the value of aluminum sector configuration under the strong supply constraints. Maintain a rating of "stronger than the market" for the aluminum sector.

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