Bank of America Merrill Lynch: Aluminum price stabilized at 20,000 yuan in 2025, reaffirms "buy" rating on China Hongqiao.

The latest research report from Bank of America Merrill Lynch points out that the price of Chinese electrolytic aluminum will stabilize above 20,000 yuan/ton in the long term, and leading enterprise China Hongqiao has been reiterated as a "buy" rating by the bank due to its multiple advantages. The target price has been raised from 20 Hong Kong dollars to 26 Hong Kong dollars, and it has been listed as the preferred target for the second half of 2025.