Zheng Quan Shi Bao Wang·2025-09-04 23:44Core Viewpoint - The report from Huatai Securities indicates a positive outlook for the electrolytic aluminum sector in the second half of the year, driven by low valuations and expectations of profit expansion [1] Valuation and Profitability - The current valuation of the electrolytic aluminum sector is considered low [1] - The supply-demand dynamics are tight, supporting an upward trend in aluminum prices, while the supply of alumina is relatively loose [1] - The average profit in the electrolytic aluminum segment is expected to expand to over 4,500 yuan per ton in the second half of the year [1] Market Outlook - With expectations of both valuation and profitability improvements, the sector's stock performance is anticipated to be strong in the latter half of the year [1]