Core Viewpoint - Innovation Industry (02788) experienced a significant increase of over 7%, closing at HKD 23.94, with a trading volume of HKD 93.95 million [1] Group 1: Market Conditions - On January 5, domestic electrolytic aluminum prices reached RMB 23,300 per ton, marking the highest level since March 2022 [1] - Everbright Securities reported that the copper-aluminum price ratio is expected to reach 4.49 by December 29, 2025, the highest since 2003, indicating a potential acceleration in aluminum replacing copper in certain sectors [1] - There are disruptions in overseas electrolytic aluminum supply, with limited short-term expansion of new production capacity [1] Group 2: Company Developments - In March 2025, Innovation Industry plans to jointly invest in the Saudi Red Sea aluminum industry chain project with Innovation Group and Innovation New Materials (600361), holding a 33.6% stake in the project [1] - Guolian Minsheng Securities noted that Innovation Industry's integrated layout of energy-alumina-electrolytic aluminum benefits from advantageous energy costs in Inner Mongolia, with potential for further cost reductions as green electricity is integrated into the grid [1] - The company's expansion into overseas electrolytic aluminum production in Saudi Arabia positions it as a rare entity with increasing electrolytic aluminum capacity in the industry [1]
创新实业尾盘涨逾7% 铝代铜有望加速 公司在沙特扩张电解铝产能