HK Stock Market Move | Aluminum Corporation Of China (02600) rose more than 3% during trading. The National Development and Reform Commission encourages large backbone enterprises in the field of alumina to implement mergers and reorganizations.

Aluminum Corporation Of China (02600) rose more than 3% during trading hours. At the time of writing, it rose by 3.63% to 12 Hong Kong dollars with a trading volume of 186 million Hong Kong dollars. On the news front, the Industry Development Department of the National Development and Reform Commission recently released an article titled "Promoting the Optimization and Upgrading of Traditional Industries". The article pointed out that for resource-constrained industries such as aluminum oxide and copper smelting, the key lies in strengthening management and optimizing layout. Resource-constrained industries are fundamental industries of the national economy and play an important role in areas such as economic construction and national defense. A Morgan Stanley research report mentioned that the article emphasizes strengthening the management and optimizing the layout of the aluminum oxide and copper smelting industries, and encourages large backbone enterprises in these sectors to implement mergers and reorganizations. Morgan Stanley believes that the new policy may restrict the addition of planned aluminum oxide production capacity, and anticipates that capacity integration will be beneficial for industry leaders.