HK Stock Market Move | Aluminum Corporation Of China (02600) rose more than 4% in early trading and plans to acquire equity in three subsidiary companies including Yun Aluminium and Yongxin, which will help strengthen its control rights.

Aluminum Corporation Of China (02600) rose more than 4% in early trading, as of the time of writing, it was up 3.34% at 11.13 Hong Kong dollars, with a turnover of 225 million Hong Kong dollars. In terms of news, Aluminum Corporation Of China recently announced that Yunnan Aluminium intends to acquire the equity of Yun Aluminum Yongxin, Yun Aluminum Runxin, and Yun Aluminum Hongxin from Yunnan Metallurgical. These three companies are all controlled subsidiaries of Yunnan Aluminium. After this acquisition is completed, Yunnan Metallurgical will no longer hold the equity of the three companies, which will help Yunnan Aluminium optimize the ownership structure of its subsidiaries, consolidate aluminum assets professionally, increase equity electrolytic aluminum production capacity, and achieve the strategic goal of strengthening its core business. HSBC released a research report stating that the China aluminum industry is expected to strengthen next year, with downstream demand continuing to grow. Potential supply shortages will be a key focus for the market, and it is expected that China's capacity will remain at the upper limit of 45 million tons, while global new capacity will remain limited. With the development of the electric vehicle industry and investments in the power grid supporting demand in China, the drag from the construction industry is expected to weaken. It is anticipated that aluminum prices will grow by 6% annually in 2026, with upward risks, and aluminum stocks continue to be the top choice in the Chinese materials sector.