Core Viewpoint - The stock of Innovation Industry (02788) has seen a significant increase of 7.35%, reaching HKD 23.94, with a trading volume of HKD 93.95 million, driven by rising aluminum prices and strategic investments in the aluminum industry [1] Group 1: Aluminum Price Trends - On January 5, domestic electrolytic aluminum prices reached RMB 23,300 per ton, marking the highest level since March 2022 [1] - According to Everbright Securities, 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 Investments and Strategy - In March 2025, Innovation Industry plans to jointly invest in the Red Sea aluminum industry chain project in Saudi Arabia with Innovation Group and Innovation New Materials, holding a 33.6% stake in the project [1] - Guolian Minsheng Securities notes that Innovation Industry's integrated layout of energy-alumina-electrolytic aluminum, with production capacity located in Inner Mongolia where energy costs are advantageous, is expected to lower electrolytic aluminum costs further with the integration of green electricity [1] - The company's expansion of electrolytic aluminum production capacity overseas in Saudi Arabia positions it as a rare player in the industry with incremental electrolytic aluminum capacity [1]
港股异动 | 创新实业(02788)尾盘涨逾7% 铝代铜有望加速 公司在沙特扩张电解铝产能