中国材料_2024 年第四季度展望 – 股权影响_传统材料

M Idea China Materials | Asia Pacific September 24, 2024 09:00 PM GMT 4Q24 Outlook – Equity Implications: Traditional Materials We expect bauxite/alumina supply constraints will continue, with demand from the power grid remaining healthy. We prefer Chalco, Hongqiao, Zijin and CMOC. Our channel checks suggest bauxite and alumina tightening will continue, supporting higher prices for longer: China's domestic bauxite supplies have been disrupted by mine safety controls, environmental concerns, permit issues, a ...