中国材料行业 - 铝：需求与供给好于预期-China Materials-Aluminium Better-than-expected Demand and Supply
2025-11-20 02:17
November 19, 2025 08:05 AM GMT China Materials | Asia Pacific Aluminium: Better-than- expected Demand and Supply We believe the aluminum outlook has improved with much better than our expected demand from ESS and supply challenges from power issues. We now see more upside to Chalco's and Hongqiao's earnings. Aluminum demand in China seeing material growth from ESS and other consumer electronics: Energy storage (ESS) is consuming more aluminum as its growth rate picks up materially. ESS was used in only 25% ...