Ge Long Hui A P P·2026-03-09 08:44Core Viewpoint - The report from CICC indicates that the aluminum supply-demand gap is widening, and the vulnerability due to the US-Iran conflict is increasing. Coupled with positive global fiscal and monetary policies, aluminum prices are expected to reach new highs. Given the low cost environment, profits per ton of aluminum are likely to expand further [1] Group 1: Aluminum Market Dynamics - The widening aluminum supply-demand gap is a significant factor influencing market conditions [1] - The US-Iran conflict is contributing to increased market vulnerability, impacting aluminum prices [1] - Global fiscal and monetary policies are positively resonating, further supporting the potential rise in aluminum prices [1] Group 2: Profitability Outlook - The current low cost environment is expected to lead to an increase in profits per ton of aluminum [1] - The rise in energy and alumina prices is a consideration for future profitability [1] Group 3: Investment Recommendations - The report suggests focusing on companies with high self-sufficiency in electricity and alumina, recommending specific companies such as Nanshan Aluminum, China Hongqiao, China Aluminum, Tianshan Aluminum, and Huatong Cable [1]