After the copper mining frenzy, it's now aluminum's turn to take the stage. In this round, these seven stocks have basically covered the entire aluminum industry chain:

Aluminum Corporation of China is up more than 60% this year, with a market cap of 200 billion yuan, firmly holding the position as the world’s second-largest alumina producer. Yunnan Aluminum is even more aggressive, more than doubling, touching everything from electrolytic aluminum to processed products. Tianshan Aluminum has surged 88%, also focusing on alumina and electrolytic aluminum. Nanshan Aluminum mainly focuses on aluminum processing, with a market cap of over 60 billion yuan and up by 40%. Shenhuo shares are more diversified, involved in aluminum, coal, and electricity, but still gained 65%. The most impressive is Zhongfu Industry, up 183%, tripling its share price. Jiaozuo Wanfang is a bit smaller at just over 10 billion yuan market cap, but still saw a 65% increase.

To put it simply, there are only a few tracks for mining stocks: copper (Zijin Mining and the like), iron, aluminum, lithium (like Ganfeng Lithium), gold (Shandong Gold), and rare earths (Northern Rare Earth). The industry chain logic is very simple—mine extraction, refining into metals, processing into products, and finally selling to downstream users. Aluminum is a typical case: bauxite is electrolyzed into alumina, then processed into aluminum materials, and finally used in cars, construction, and other application scenarios.

This year, industrial metals have collectively skyrocketed, and it all started with copper. The US reserve policy blew up the market—they only actually needed 7%, but hoarded 40% of the copper. Supply capacity didn’t change, but one buyer scooped up all the goods, naturally causing shortages elsewhere and sending prices soaring. With such sentiment, other industrial metals like aluminum and zinc also benefited.

The most awkward position now is: those already on board don’t want to sell, since profits are already thick and they can just hold and watch the show without worry; those not on board don’t dare to buy, because supply hasn’t really collapsed—this round is more about sentiment and structural mismatch. Nobody knows where the top is, so the strategy is clear—if you’re in, keep a close eye on copper prices, and as soon as there’s a clear reversal, get out quickly; if you’re not in, just watch the show and don’t chase highs or catch the falling knife.