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The latest research report from Bank of America Merrill Lynch pointed out that the long-term bottom of China's electrolytic aluminum prices will stabilize above 20,000 yuan per ton, and leading enterprise China Hongqiao (01378) has obtained the bank's reiterated "buy" rating with a target price raised from 20 Hong Kong dollars to 26 Hong Kong dollars, and has been listed as the top choice for the second half of 2025.
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