格隆汇1月30日丨中国铝业(02600.HK)发布公告，公司董事会会议审议并一致通过关于公司拟收购巴西 铝业公司股权的议案，经审议，董事会同意由公司全资子公司中国铝业香港有限公司(以下简称"中铝香 港")通过其附属公司与Rio Tinto International HoldingsLimited(力拓国际控股有限公司)按67%和33%的持 股比例共同在巴西设立合资公司，并以该合资公司为主体现金收购Votorantim S.A.(沃特兰亭)持有的 Companhia Brasileira de Alumínio S.A.(巴西铝业公司，以下简称"巴西铝业")普通股股份约4.466亿股，占 巴西铝业已发行股份总数的68.596%。前述交易基础价格为10.50雷亚尔╱股，交易基础价款约46.89亿 雷亚尔(约合人民币62.86亿元)，其中，公司需支付约31.42亿雷亚尔(约合人民币42.11亿元)。上述收购 完成后，合资公司还将根据巴西法律及证券监管规定对巴西铝业剩余全部流通股发起强制要约收购。 ...

格隆汇1月30日丨中国铝业(02600.HK)发布公告，公司董事会会议审议并一致通过关于公司拟收购巴西 铝业公司股权的议案，经审议，董事会同意由公司全资子公司中国铝业香港有限公司(以下简称"中铝香 港")通过其附属公司与Rio Tinto International HoldingsLimited(力拓国际控股有限公司)按67%和33%的持 股比例共同在巴西设立合资公司，并以该合资公司为主体现金收购Votorantim S.A.(沃特兰亭)持有的 Companhia Brasileira de Alumínio S.A.(巴西铝业公司，以下简称"巴西铝业")普通股股份约4.466亿股，占 巴西铝业已发行股份总数的68.596%。前述交易基础价格为10.50雷亚尔╱股，交易基础价款约46.89亿 雷亚尔(约合人民币62.86亿元)，其中，公司需支付约31.42亿雷亚尔(约合人民币42.11亿元)。上述收购 完成后，合资公司还将根据巴西法律及证券监管规定对巴西铝业剩余全部流通股发起强制要约收购。 ...

Core Viewpoint - Shanghai Huafeng Aluminum Co., Ltd. experienced a significant stock price fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days, indicating abnormal trading activity [2][5]. Group 1: Stock Trading Abnormalities - The company's stock price increased by more than 20% cumulatively on January 27, 28, and 29, 2026, which qualifies as an abnormal trading fluctuation according to the Shanghai Stock Exchange rules [2][5]. - The company has confirmed that there are no undisclosed significant information or risk matters related to the stock price fluctuation [3][6]. Group 2: Company Operations and Major Events - The company reported that its production and operational activities are normal, with no significant changes in market conditions or industry policies [6]. - There are no undisclosed major events such as asset restructuring, share issuance, or significant business collaborations that could impact the stock price [7]. - The company has not identified any media reports or market rumors that could significantly affect its stock price [8]. Group 3: Insider Trading and Management Statements - During the period of stock price fluctuation, the company's controlling shareholders, actual controllers, and senior management did not engage in buying or selling the company's stock [9]. - The board of directors confirmed that there are no undisclosed matters that should be reported according to the relevant regulations, and previous disclosures do not require correction or supplementation [10].

登录新浪财经APP 搜索【信披】查看更多考评等级 股票代码：601600 股票简称：中国铝业 公告编号：临2026-003 中国铝业股份有限公司关于股权激励部分限制性股票回购注销实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对内容的 真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 回购注销原因：鉴于中国铝业股份有限公司（以下简称"公司"）2021年限制性股票激励计划（以下简 称"激励计划"）首次授予的7名激励对象退休且不继续在公司或下属子公司任职、1名激励对象因不受个 人控制的工作调动等客观原因与公司解除劳动关系、2名激励对象因个人原因离职、5名激励对象发生负 面情形，公司本次拟对上述15名激励对象已获授但尚未解除限售的全部或部分限制性股票合计660,751 股进行回购注销。 ● 本次注销股份的有关情况 ■ 一、本次限制性股票回购注销的决策与信息披露 公司于2025年11月24日、11月25日分别召开第九届董事会薪酬委员会第一次会议、第九届董事会第七次 会议，审议通过了《关于回购注销部分激励对象已获授但尚未解除限售的限制性股票及调整回购价格的 议案 ...

Core Viewpoint - The company has changed its name from "Shandong Hongchuang Aluminum Industry Holding Co., Ltd." to "Shandong Hongqiao Aluminum Industry Holding Co., Ltd." and its stock abbreviation from "Hongchuang Holdings" to "Hongqiao Holdings," while maintaining the same stock code "002379" [2][8]. Group 1: Company Name and Abbreviation Change - The company held meetings on January 9 and January 27, 2026, to approve the change of its name and stock abbreviation [3]. - The new stock abbreviation "Hongqiao Holdings" will be effective from January 30, 2026 [2][8]. - The change aims to better reflect the company's core business and enhance its brand image following a strategic acquisition [4]. Group 2: Business Registration and Corporate Structure - The company has completed the necessary business registration changes and received a new business license from the Binzhou Administrative Approval Service Bureau [7]. - The new registered name is "Shandong Hongqiao Aluminum Industry Holding Co., Ltd." with a registered capital of 130.311822 billion yuan [7]. - The legal entity, controlling shareholder, and actual controller remain unchanged after the name change [8].

Core Viewpoint - The recent surge in aluminum prices is driven by a combination of macroeconomic factors, strong market sentiment, and the performance of aluminum-related stocks, leading to a significant increase in trading activity in the aluminum futures market [1][3][7] Group 1: Macroeconomic Factors - The macroeconomic environment is favorable, with a positive sentiment in the financial markets following comments from U.S. President Trump regarding the U.S. dollar, which led to a decline in the dollar index and a rise in precious and non-ferrous metals [1] - The market is experiencing a notable sector rotation, with the non-ferrous metals sector being viewed as a "value trap" after the surge in precious metals prices [2] Group 2: Supply and Demand Dynamics - The supply side is currently seeing a slight recovery in electrolytic aluminum production capacity, with expectations of increased production in the near future, although demand is expected to weaken due to seasonal factors [4][6] - Despite short-term weaknesses in the aluminum market, long-term demand is expected to remain strong, particularly driven by emerging sectors such as new energy vehicles and energy storage [6] Group 3: Stock Market Influence - The strong performance of aluminum stocks has contributed to the bullish sentiment in the aluminum futures market, with leading companies in the sector seeing significant stock price increases [3] - The linkage between stock performance and futures trading has created a positive feedback loop, attracting speculative capital into the aluminum futures market [3] Group 4: Geopolitical Factors - Geopolitical tensions, particularly in the Strait of Hormuz, have raised concerns about aluminum trade; however, the actual impact on aluminum supply has been minimal as Iran's production is primarily for domestic use [2] Group 5: Long-term Outlook - The overall outlook for aluminum prices remains positive in the long term, supported by limited supply growth and increasing demand, particularly as the industry adapts to new applications that favor aluminum over copper [6][7]

这一投资决定凸显了高关税政策对重振美国制造业的潜在影响，目前美国工业所需铝材约85%依赖进 口。 美国铝业生产正迎来40余年来的历史性转折。 周四，伊利诺伊州的Century Aluminum公司宣布将与阿联酋全球铝业(EGA)合作，在俄克拉荷马州建设 美国自1980年以来的首座原铝冶炼厂，这一项目有望将美国国内铝产能提升一倍以上。 该工厂位于俄克拉荷马州Inola市，预计年产能达75万吨，将创造1000个永久性工作岗位和4000个建设 期岗位。Century在1月26日的声明中表示，工厂预计年内开工建设，本世纪末前投产。 白宫副新闻秘书Kush Desai在社交媒体平台X上评论称，"特朗普的关税正在发挥作用"。此前，特朗普 政府于2025年3月对钢铁和铝进口征收25%关税，6月将税率提高至50%。 根据国际铝业协会数据，2025年全球原铝产量为7378万吨。Century强调，新冶炼厂将扩大这一关键矿 物的国内供应，壮大美国铝业劳动力队伍，重振美国在铝业领域的专业技术和知识储备。 关税政策推动投资决策 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考 ...

基本面方面，近日氧化铝厂出现密集检修：山西一厂主动弹性生产，贵州一厂因经营压力减产，广西两 厂分别因焙烧炉和常规检修减产，河南一厂受天气影响检修。检修减产缓解了供应压力，推动氧化铝价 格反弹，但多为常规及弹性生产调整，后续供应变化仍需关注。原料方面，铝土矿价格持续下跌，进口 矿价预期走低，北方国产矿供应增加致价格松动，部分使用国产矿的氧化铝厂仍具成本优势。现货市 场，持货商随行就市报价，对后市态度乐观，早盘报价惜售，下游按需采购，询价氛围升温，整体交投 热度延续，提振全天成交增量。 综合来看，近期商品市场氛围偏暖，提振期货市场；供应端短期检修压产叠加氧化铝近期减仓提振价格 窄幅反弹，后续需关注氧化铝开工实质性变动及西南地区一季度新投进展；需求端国内电解铝产量超预 期增长，短期或带动少量备货需求，但成本减弱拖累氧化铝上行空间。短期氧化铝期货价格企稳反弹格 局有望延续。 长江有色金属网www.ccmn.cn 电话：0592-5668838 长江有色网1月29日讯，今日氧化铝所有合约继续上行，主力月2605合约偏强震荡；截止当日15：00收 盘，氧化铝主力月2605合约报2816元，收涨46元，涨幅1.66%；22 ...

Group 1 - The domestic futures market for non-ferrous metals showed a mostly positive trend, with Shanghai aluminum futures experiencing a significant increase, reaching a high of 25,840.00 yuan/ton and a rise of 3.08% [1] - The current trend for Shanghai aluminum is characterized by a strong upward movement, driven by geopolitical risks and increased market sentiment towards safe-haven assets, leading to a substantial increase in trading volume [2] - Concerns over potential disruptions in aluminum production in the Middle East due to escalating tensions between the U.S. and Iran have contributed to the bullish sentiment in the aluminum market, with a noted increase in prices driven by both events and capital [2] Group 2 - Domestic aluminum production capacity remains high, with operating rates above 96%, while some overseas producers face shutdowns due to power constraints, highlighting a rigid global supply situation [2] - Demand for aluminum is being supported by high growth in emerging sectors such as new energy vehicles and infrastructure projects, which is further enhanced by the rising copper-aluminum price ratio [2] - The market is currently in a phase of strong expectations versus weak realities, with short-term price pressures anticipated due to inventory accumulation ahead of the Spring Festival, suggesting a cautious outlook [2]

Report Industry Investment Rating - Aluminum: Cautiously bullish [9] - Alumina: Cautiously bearish [9] - Aluminum alloy: Cautiously bullish [9] - Arbitrage: Neutral [9] Core Viewpoints - The Middle East crisis has led to concerns about aluminum supply. Trump's remarks on the US dollar caused a significant decline in the US dollar index, and Iran's control of the Strait of Hormuz has raised concerns about overseas aluminum supply. The long - term macro factors are the main logic for the long - term rise in aluminum prices, but in the short term, aluminum prices need to be corrected [6]. - The Middle East crisis has a negative impact on alumina. The supply - demand pattern of alumina is in surplus, and the social inventory will continue to increase [7][8]. Summary by Related Catalogs Aluminum Spot - East China A00 aluminum price is 24,260 yuan/ton, with a change of 390 yuan/ton from the previous trading day; the spot premium/discount is - 180 yuan/ton, with a change of - 10 yuan/ton from the previous trading day. Central China A00 aluminum price is 24,120 yuan/ton, and the spot premium/discount has changed - 40 yuan/ton to - 320 yuan/ton. Foshan A00 aluminum price is 24,230 yuan/ton, with a change of 360 yuan/ton from the previous trading day, and the aluminum spot premium/discount has changed - 40 yuan/ton to - 205 yuan/ton [1]. Aluminum Futures - On January 28, 2026, the main contract of Shanghai aluminum opened at 24,305 yuan/ton, closed at 25,640 yuan/ton, with a change of 1,395 yuan/ton from the previous trading day. The highest price reached 25,680 yuan/ton, and the lowest price was 24,155 yuan/ton. The trading volume for the whole trading day was 937,111 lots, and the position was 362,833 lots [2]. Aluminum Inventory - As of January 28, 2026, the domestic social inventory of electrolytic aluminum ingots was 777,000 tons, with a change of 34,000 tons from the previous period; the warrant inventory was 142,829 tons, with a change of 1,377 tons from the previous trading day; the LME aluminum inventory was 499,975 tons, with a change of - 2,275 tons from the previous trading day [2]. Alumina Spot Price - On January 28, 2026, the SMM alumina price in Shanxi was 2,610 yuan/ton, in Shandong was 2,555 yuan/ton, in Henan was 2,635 yuan/ton, in Guangxi was 2,685 yuan/ton, in Guizhou was 2,740 yuan/ton, and the FOB price of Australian alumina was 308 US dollars/ton [2]. Alumina Futures - On January 28, 2026, the main contract of alumina opened at 2,741 yuan/ton, closed at 2,811 yuan/ton, with a change of 89 yuan/ton (3.27%) from the previous trading day's closing price. The highest price reached 2,816 yuan/ton, and the lowest price was 2,722 yuan/ton. The trading volume for the whole trading day was 873,641 lots, and the position was 466,716 lots [2]. Aluminum Alloy Price - On January 28, 2026, the procurement price of Baotai civil raw aluminum was 18,300 yuan/ton, and the procurement price of mechanical raw aluminum was 18,700 yuan/ton, with a price change of 400 yuan/ton compared to the previous day. The Baotai quotation of ADC12 was 23,700 yuan/ton, with a price change of 500 yuan/ton compared to the previous day [3]. Aluminum Alloy Inventory - The social inventory of aluminum alloy was 67,000 tons, and the in - plant inventory was 65,100 tons [4]. Aluminum Alloy Cost and Profit - The theoretical total cost was 22,874 yuan/ton, and the theoretical profit was 426 yuan/ton [5].