HK Stock Market Move | CHUANGXIN IND(02788) increased by more than 7% in the afternoon, the substitution of aluminum for copper is expected to accelerate, the company is expanding its electrolytic aluminum production capacity in Saudi Arabia.

CHUANGXIN IND (02788) rose more than 7% in the last session, rising 7.35% to 23.94 Hong Kong dollars as of press time, with a turnover of 93.953 million Hong Kong dollars. On the news front, on January 5, the domestic electrolytic aluminum price reached 23,300 yuan/ton, hitting a new high since March 2022. EB SECURITIES released a research report stating that on December 29, 2025, the copper-aluminum price ratio reached 4.49, a new high since 2003, and aluminum is expected to replace copper in some areas. In addition, there are disturbances in overseas electrolytic aluminum supply, and new production capacity expansion is still limited in the short term. It is worth noting that in March 2025, CHUANGXIN IND planned to jointly invest in a comprehensive project in the Saudi Arabian Red Sea aluminum industry chain with Chuangxin Group and Innovation New Material Technology, with the company holding a 33.6% stake in the project. Guolian Minsheng Securities stated that CHUANGXIN IND has an integrated layout of energy-alumina-electrolytic aluminum, with electrolytic aluminum production capacity distributed in Inner Mongolia, where energy costs are advantageous. With the future integration of green electricity generation, the cost of electrolytic aluminum is expected to further decrease. By expanding its electrolytic aluminum production capacity in Saudi Arabia, we believe the company will become a rare target with electrolytic aluminum increments in the industry.