Core Viewpoint - Nanshan Aluminum International plans to enhance its competitiveness and drive sustainable growth by developing an electrolytic aluminum project and related raw materials, with an initial investment of approximately $436.6 million for a 250,000-ton annual production capacity project set to begin in 2026 [1] Group 1: Project Details - The electrolytic aluminum project will be located in the Karangbata Economic Zone on Bintan Island, Indonesia, adjacent to the company's alumina plant [1] - The construction period for the project is estimated to be two years, during which the company will seek necessary environmental and construction permits from local authorities [1] - In the long term, the company plans to develop an additional project with a capacity of 500,000 tons of electrolytic aluminum to further expand its production scale [1] Group 2: Strategic Rationale - The strategic planning is based on several favorable factors, including ample land supply for the new project and a prime geographical location that facilitates access to Southeast Asian markets and beyond [2] - The company aims to leverage its existing alumina business to diversify operations, as the electrolytic aluminum market is experiencing significant demand growth and rising prices [2] - The experience gained from successfully constructing and operating alumina projects in Indonesia will provide valuable insights for the electrolytic aluminum project, thereby reducing risks and improving implementation efficiency [2]

Nanshan Aluminium International Holdings Limited 南山鋁業國際控股有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2610） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因 依賴該等內容而引致的任何損失承擔任何責任。 本集團將繼續密切關注行業動態及市場發展趨勢，確保各項發展計劃的有序 推進。本集團將根據業務進展有需要時進一步發佈公告及╱或通函（如適用）， 以遵守香港聯合交易所有限公司證券上市規則、《證券及期貨條例》（香港法例 第571章）及╱或其他適用法律法規下的信息披露及╱或審批要求。 – 2 – 本集團特此強調，截至本公告日期，本集團尚未就以上計劃簽訂任何正式或具 有法律約束力的協議。股東及潛在投資者於買賣本公司證券時務請審慎行事。 自願公告 業務發展最新情況 本公告乃南山鋁業國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 自願作出，以知會本公司股東及潛在投資者有關本集團的最新業務發展。 為進 ...

每经AI快讯，南山铝业国际(02610.HK)盘中一度涨超13%，截至发稿涨10.43%，报67.25港元，成交额 1.77亿港元。 （文章来源：每日经济新闻） ...

南山铝业（600219）国际(02610)盘中涨超13%，高见69.4港元再创上市新高，近一个月股价累涨超五 成。截至发稿，涨10.43%，报67.25港元，成交额1.77亿港元。 公开资料显示，南山铝业国际是东南亚一家氧化铝制造商，主要产品为采用低温拜耳法生产的冶金级氧 化铝。公司为东南亚三大氧化铝生产企业之一。公司拥有氧化铝设计产能两百万吨。根据2023年弗若斯 特沙利文，集团为东南亚氧化铝市场第二大生产商，占东南亚氧化铝行业34.9%的市场份额。 中金发布研报称，在铝业股上，建议重点关注三条选股标准，一是产能市值比较高，铝价上涨业绩弹性 大；二是具备出海布局能力，增长性较强；三是考虑当前氧化铝价格已至底部区域，如果出现产能关 停、反内卷政策刺激以及几内亚矿业政策扰动，优先选择氧化铝自给率较高的标的。 ...

Core Viewpoint - As of January 15, a total of 105 stocks reached their 52-week highs, with notable performers including 德莱建业 (01546), 东曜药业－Ｂ (01875), and 大森控股 (01580) achieving high rates of 78.00%, 51.36%, and 37.61% respectively [1]. Summary by Category 52-Week Highs - 德莱建业 (01546) closed at 0.355, with a peak of 0.445, marking a high rate of 78.00% [1]. - 东曜药业－Ｂ (01875) closed at 4.190, reaching a high of 4.450, with a high rate of 51.36% [1]. - 大森控股 (01580) closed at 0.275, with a peak of 0.300, achieving a high rate of 37.61% [1]. - 顺兴集团控股 (01637) and 怡园酒业 (08146) also showed significant increases, with high rates of 36.36% and 24.74% respectively [1]. Additional Notable Stocks - JBB BUILDERS (01903) reached a high rate of 24.12% with a closing price of 2.830 [1]. - 天臣控股 (01201) and 江苏创新 (02116) had high rates of 15.38% and 15.00% respectively [1]. - 万国黄金集团 (03939) and 竣球控股 (01481) also performed well, with high rates of 12.95% and 12.44% respectively [1]. 52-Week Lows - The report also noted stocks reaching 52-week lows, with 天彩控股 (03882) showing a low rate of -14.42% [3]. - 中国智慧能源 (01004) and 基石控股 (01592) followed with low rates of -13.64% and -12.86% respectively [3]. - 弘毅文化集团－旧 (02990) and 中原建业 (09982) also reported significant declines of -9.09% and -6.06% respectively [3].

Group 1 - Nanshan Aluminum International (02610) shares have risen nearly 4%, with a cumulative increase of over 50% in the past month, currently trading at 61.8 HKD with a transaction volume of 83.776 million HKD [1] - The company announced a share buyback plan on January 13, intending to repurchase shares worth no less than 300 million CNY and no more than 600 million CNY, with a maximum buyback price of 7.52 CNY per share, to reduce registered capital [1] - The buyback period will last up to 12 months from the date of shareholder meeting approval, and there are no plans for major shareholders or executives to reduce their holdings in the next 3 to 6 months [1] Group 2 - Huatai Securities research indicates that the profit center for electrolytic aluminum is expected to rise further in the first half of 2026, despite recent significant increases in aluminum prices [1] - The downstream procurement atmosphere for electrolytic aluminum has become cautious, with weak fundamental data showing a substantial increase in inventory and a weakening spot basis, leading to negative processing fees for mainstream aluminum rods [1] - Concerns among investors regarding the sustainability of aluminum price increases have emerged, but the company believes that weak downstream purchasing intentions in a high-price environment during the off-season is a normal phenomenon [1]

Group 1: Aluminum Price Trends - The average domestic aluminum price in China reached 21,407 yuan/ton in Q4 2025, a 3.4% increase from Q3, contributing to an annual average price of 20,646 yuan/ton, up 1.0% compared to the first three quarters of 2025 [1] - On January 5, 2026, the domestic electrolytic aluminum price hit 23,300 yuan/ton, the highest level since March 2022 [1] - Institutions predict a tight balance in global aluminum supply and demand over the next two years due to supply constraints from power issues and surging energy storage demand [1] Group 2: Industry Growth Plans - The Shandong Provincial Department of Industry and Information Technology issued a plan aiming for a 5% year-on-year growth in the added value of the non-ferrous metal industry by 2026, with aluminum industry revenue exceeding 660 billion yuan and over 35% of electrolytic aluminum capacity meeting benchmark energy efficiency standards [1] - Huatai Securities anticipates that the profit center for electrolytic aluminum will further increase in the first half of 2026, despite recent price surges leading to cautious purchasing behavior in the downstream industry [1][2] Group 3: Company-Specific Developments - China Hongqiao (01378) is a leading global aluminum producer with a strong profit moat due to its integrated supply chain, expecting net profits of 24.803 billion yuan, 25.81 billion yuan, and 27.96 billion yuan from 2025 to 2027, representing year-on-year growth of 10.9%, 4.1%, and 8.3% respectively [3] - Innovation Industry (02788) is expanding its electrolytic aluminum capacity in Saudi Arabia, with a focus on energy-efficient production, which is expected to lower costs further as green electricity is integrated [3] - Nanshan Aluminum International (02610) is developing a 1 million ton/year electrolytic aluminum project in Indonesia, with the first phase planned for 250,000 tons/year, backed by an existing alumina plant in the same industrial park [4] - China Aluminum (02600) holds approximately 2.7 billion tons of bauxite resources, with potential for revaluation under the "China Special Valuation" system, and is positioned to benefit from rising aluminum prices due to its integrated supply chain [4]

Group 1 - Aluminum stocks continued to rise in the morning session, with Nanshan Aluminum International (02610) up by 12.87%, trading at HKD 61.40 [1][2] - China Hongqiao (01378) increased by 3.91%, reaching HKD 36.64 [1][2] - China Aluminum (02600) saw a rise of 3.09%, priced at HKD 13.68 [1][2]

Core Viewpoint - The aluminum sector continues its upward trend, with significant stock price increases for companies like Nanshan Aluminum International, China Hongqiao, and China Aluminum, driven by supply constraints and geopolitical factors [1] Group 1: Market Performance - Nanshan Aluminum International's stock rose by 12.13% to HKD 61, China Hongqiao increased by 4.08% to HKD 36.7, and China Aluminum gained 3.32% to HKD 13.71 [1] Group 2: Supply Forecast - CICC forecasts that aluminum supply will initially decline before increasing, with a limited overall increment expected; the net increase in electrolytic aluminum for 2026 is projected to be approximately 1.1 million tons, representing a year-on-year growth of 1.5% [1] - The anticipated rollout of Indonesia's long-term electrolytic aluminum projects may be slower than expected due to power supply constraints, despite the apparent capacity [1] Group 3: Industry Dynamics - Domestic electrolytic aluminum production capacity remains stable, with supply-side structural reforms and dual carbon goals effectively closing the expansion channel, leading to increasing supply rigidity [1] - Although there are some supply disruptions overseas, the overall increase in supply is expected to remain limited through 2026 [1] - Geopolitical factors affecting precious metals and copper prices are likely to support aluminum prices, which are expected to continue fluctuating at a strong level due to low overseas aluminum inventories and supply-side disturbances [1]

Group 1 - Aluminum stocks continue to rise, with Nanshan Aluminum up 12.13% to HKD 61, China Hongqiao up 4.08% to HKD 36.7, and China Aluminum up 3.32% to HKD 13.71 [1] - CICC forecasts that aluminum supply will initially be low and then increase by 2026, but overall growth remains limited, with a projected net increase of 1.1 million tons of electrolytic aluminum, a year-on-year growth of 1.5% [1] - The report highlights that despite Indonesia's planned capacity appearing sufficient, power supply issues may hinder the release of electrolytic aluminum capacity [1] Group 2 - Hualian Futures notes that domestic electrolytic aluminum production capacity is stable, and supply-side structural reforms along with dual carbon goals have effectively closed the expansion channel for electrolytic aluminum capacity [1] - Minmetals Futures indicates that geopolitical factors affecting overseas markets are likely to keep precious metals and copper prices high, which will also support aluminum prices [1] - Despite rising aluminum prices potentially suppressing downstream operations, low overseas aluminum inventories and supply disruptions are expected to support continued strong fluctuations in aluminum prices [1]