Stock Track | CHALCO Soars 5.07% Intraday on Aluminum Price Surge and Supply Deficit Forecasts

Stock Track
Apr 14

CHALCO's stock price soared 5.07% intraday, leading gains in the aluminum sector.

The rally is driven by a sharp increase in London Metal Exchange aluminum prices, which hit a four-year high. This surge followed the U.S. military's interception of vessels in the Strait of Hormuz, a critical shipping chokepoint, raising immediate supply concerns. Data showed the spot premium for aluminum jumped 43%, indicating strong demand for immediate delivery as buyers seek alternative sources.

Analysts from J.P. Morgan project that reduced supply from the Middle East, totaling 2.4 million tons, will create a primary aluminum deficit of 1.9 million tons by 2026. The firm maintains that aluminum prices have further upside potential in the coming months, potentially reaching $4,000 per metric ton or higher, supporting the positive sentiment for aluminum producers like CHALCO.

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