Ge Long Hui·2025-10-23 03:09Core Viewpoint - The stock of China Aluminum International (2068.HK) surged over 30% yesterday but experienced a significant pullback today, dropping more than 16% to HKD 2.71, following reports of a potential asset-for-equity swap with mining giant Rio Tinto [1] Group 1: Company Developments - Media reports indicate that Rio Tinto is considering an asset-for-equity swap with China Aluminum Group to reduce the 11% stake held by the Chinese investor [1] - The swap would allow China Aluminum Group to exchange part of its holdings for a partnership involving some of Rio Tinto's mining assets [1] - Potential assets of interest for China Aluminum Group include the Simandou iron ore project in Guinea and the Oyu Tolgoi copper mine in Mongolia, as well as Rio Tinto's titanium business [1]