HK Stock Market Move | Partial aluminum stocks continue to be strong. The production and shipments of two aluminum companies in the Middle East have been disrupted, which will limit the supply and support aluminum prices.

Some aluminum stocks continue to be strong, as of the time of publication, CHUANGXIN IND (02788) rose by 6.03% to 26.74 Hong Kong dollars; CHINAHONGQIAO (01378) rose by 5.29% to 40.98 Hong Kong dollars. On the news front, Bahrain Aluminum announced on March 4 that it has encountered force majeure, still in production but unable to ship. It is reported that the company's aluminum smelting plant has a leading global production capacity, producing 1.623 million tons of aluminum by 2025. Previously, Norwegian energy company Hydro also announced that, due to a shortage of natural gas in Qatar, its affiliated company Qatalum has begun to orderly shut down its aluminum production line. China Securities Co., Ltd. pointed out that the current tense military situation in the Middle East is threatening the global aluminum supply chain. The report states that the six Middle Eastern countries have a total production capacity of approximately 7 million tons of electrolytic aluminum, especially Iran with a production capacity of nearly 800,000 tons, facing threats to both raw material imports and finished product exports. Against the backdrop of overall weak global aluminum inventory resistance, aluminum prices are trending upward.