研報掘金丨民生證券:中國鋁業業績彈性較大,維持“推薦”評級
民生證券研報指出,中國鋁業(601600.SH)爲鋁產業龍頭,一體化佈局優勢明顯。公司重視資源佈局,幾內亞鋁土礦持續放量。Boffa礦山品位較高,剩餘可採年限超過60年,目前該項目產量逐年攀升,2023年產量達到1425萬噸。截至2023 年末,公司共計擁有2226萬噸氧化鋁產能,廣西華昇二期200 萬噸項目逐步投產,若按期開工達產後預計公司氧化鋁產能可達2426 萬噸/年。豐富的鋁土礦資源保障氧化鋁生產的穩定原料供給。累啊,公司併購雲鋁股份,拓展綠色產業,新能源前景廣闊。公司作爲國內鋁產業鏈一體化企業,資源保障能力顯著,隨着鋁價上漲,公司業績彈性較大,維持“推薦”評級。
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