The aluminum index soared nearly 7%, with many concept stocks hitting the daily limit up! Listed companies responded.

The Wind Aluminum Index rose sharply on January 28th, closing up by 6.94%. Companies such as Chinalco Group, Huafon Aluminum, Aluminum Corporation of China, Yun Aluminum, and Nanshan Aluminum all hit their daily limit. Regarding the reasons for the recovery of the aluminum industry, several listed companies responded exclusively to the China Securities Journal's reporter, stating that the recent rise in electrolytic aluminum prices and the recovery of the aluminum industry's prosperity are mainly affected by the tight balance of supply and demand. Currently, the electrolytic aluminum industry's supply side capacity is basically at full production, while downstream demand continues to grow rapidly, with the overall positive fundamentals being the main reason for the improvement in industry prosperity. The head of a leading listed company told reporters that from the perspective of the fundamentals of the aluminum industry, the electrolytic aluminum industry itself has undergone supply side reforms, with industry capacity having a ceiling of around 45 million tons, and is currently operating at close to full capacity. Downstream sectors such as new energy vehicles, photovoltaics, artificial intelligence, and energy storage all have a significant demand for aluminum, with overall demand trending positively. In the recent period, there have been some concerns in the market about the international imports and exports of aluminum ore and ingots. In addition, the recent weakening of the US dollar has also prompted some funds to flow back into the metals sector. The recovery of prosperity is the result of multiple factors overlapping.