智通财经网·2026-03-09 06:04Core Viewpoint - The report from CICC highlights the impact of force majeure announcements from Qatar Aluminum and Bahrain Aluminum, leading to a significant increase in LME aluminum prices, which reached a new high since 2022 [1] Group 1: Market Impact - Qatar Aluminum has an annual capacity of 636,000 tons, while Bahrain Aluminum has an annual capacity of 1,620,000 tons, representing 0.8% and 2.0% of global production, respectively [1] - Following the announcements, LME aluminum prices rose by 2.5% on March 3 and surged to 5% in the night session on March 4, reaching $3,418 per ton [1] Group 2: Future Outlook - The widening aluminum supply-demand gap, coupled with increased vulnerabilities from the US-Iran conflict and supportive global fiscal and monetary policies, suggests that aluminum prices may reach new highs [1] - With low-cost conditions, the profit per ton of aluminum is expected to further expand [1] Group 3: Investment Recommendations - The report recommends focusing on companies with high self-sufficiency in electricity and alumina, including Nanshan Aluminum International (02610), China Hongqiao (01378), China Aluminum (02600), Tianshan Aluminum (002532.SZ), Nanshan Aluminum (600219.SH), and Huatong Cable (605196.SH) [1]