Goldman Sachs downgraded Aluminum Corp. of China (ALMMF) to Sell from Buy with a price target of HK$9, up from HK$7.60. The firm adjusted ratings in the China basic metals group as part of its 2026 outlook. The analyst expects Chinese commodity demand to be more stable in 2026. Goldman maintains a positive view on copper and gold, and cautious stance on lithium and paper packaging.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALMMF:
- Aluminum Corporation of China Updates Capital Structure for New Chinalco-Led Joint Venture
- Chalco Logistics Plans RMB263.8 Million Acquisition of Controlling Stake in Yunlv Logistics
- Aluminum Corporation of China Shareholders Approve All Resolutions at Third 2025 EGM
- Chalco Clears Conditions for Yunnan Aluminum’s Minority Stake Acquisition in Three Subsidiaries
- Aluminum of China Advances with 2021 Share Incentive Unlocking