Lates News

CITIC Securities research report stated that on May 30, Trump announced that he would increase the import tariffs on steel and aluminum from 25% to 50%. We believe that if actually implemented, the impact of this tariff increase on China's aluminum industry would be controllable, and the widening of the aluminum premium in the United States may temporarily stimulate the rise in aluminum prices. Since 2017, China's reliance on exports to the United States in the aluminum industry has significantly decreased, and the industry supply-demand pattern has also seen significant improvement, which is expected to provide solid support for the industry. We still see long-term investment value in the aluminum sector and recommend focusing on opportunities for layout at low levels.