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Hongqiao Holding: Expect future primary aluminum consumption to maintain growth momentum, with the aluminum price center potentially moving higher.
People’s Financial News, March 27 - Hongqiao Group (002379) stated at its performance briefing on March 26 that China’s electrolytic aluminum production capacity cap is 45 million tons, and the supply increase is limited. By 2025, China’s primary aluminum consumption growth rate will exceed the supply growth rate, and it is expected that primary aluminum consumption will continue to grow, with aluminum prices likely to rise further.