HK Stock Movement | Aluminum Stocks Rally in Early Trading as Guinea to Tighten Bauxite Supply Rules to Curb Sharp Price Decline

Tongtong Finance APP learned that aluminum stocks rebounded early in the session. As of the time of writing, Nanshan Aluminum International (02610) rose 4.04% to HKD 64.35; China Aluminum (02600) increased 1.62% to HKD 13.15.

On the news front, Guinea, the world’s largest bauxite producer, is in discussions with miners about controlling the amount of ore released to the market to curb the downward trend in raw material prices. As a raw material for producing alumina, bauxite prices have nearly halved since early 2025. Last year, Guinea’s bauxite exports increased by over a quarter year-on-year, reaching 183 million tons.

UBS released a research report stating that recent supply risks in the Middle East have driven up international aluminum and thermal coal prices, indicating that after oil and natural gas, aluminum and thermal coal are the commodities most affected by Middle Eastern conflicts. Regarding aluminum, supply disruptions in the Middle East and rising energy costs have pushed up the cost curve. About 650,000 tons of aluminum supply has been interrupted. If shipping through the Strait of Hormuz remains blocked for several weeks, approximately 4 million tons of smelting capacity could be shut down, increasing the short-term risk of aluminum prices rising.