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Base Metals Rise on Moderate Tariff Relief but Prices Still Muted -- Market Talk
Aluminum stocks are strong. PANASIALUM (02078) rises by 12.50%. Institutions expect that aluminum ingots and aluminum bars will continue to deplete inventories, supporting aluminum prices.
Gold News | The aluminum stocks are strong, PANASIALUM (02078) rose by 12.50%, RUSAL (00486) rose by 7.02%, Aluminum Corporation Of China (02600) rose by 5.28%, Shandong Nanshan Aluminium International (02610) rose by 3.88%, CHINAHONGQIAO (01378) rose by 3.80%, XINGFA ALUM (00098) rose by 2.44%. In terms of news, Trump signed an executive order on April 2 local time to impose "reciprocal tariffs". Although aluminum products are already subject to tariffs under Section 232 and do not need to pay reciprocal tariffs, downstream consumption may be affected by the reciprocal tariff policy, impacting overall aluminum prices.
Base Metals Lower as Economic Growth Risks Weigh -- Market Talk
Ten departments: Strive for a 3% to 5% increase in domestic Aluminum ore resource volume by 2027, with recycled Aluminum production exceeding 15 million tons.
① By 2027, strive for an increase of 3%—5% in domestic Aluminum ore resources, with recycling Aluminum production exceeding 15 million tons; ② The proportion of production capacity above the benchmark energy efficiency level in the Electrolytic Aluminum Industry will be raised to over 30%, with the use of clean Energy exceeding 30%.
PANASIALUM (02078) released its annual performance, with a profit attributable to Shareholders of 28.081 million HKD, a decrease of 0.3% year-on-year.
PANASIALUM (02078) announced its annual results for the year ending December 31, 2024, with revenue of 0.917 billion Hong Kong dollars...
PANASIALUM: ANNOUNCEMENT OF ANNUAL RESULTSFOR THE YEAR ENDED DECEMBER 31, 2024