Lyon: up target of Chinese aluminum rose to 6.4 yuan
Lyon raised the rating of China aluminum, from "run big city" to "buy", the target price rose from 4.3 yuan to 6.4 yuan.
Leon said, half a year to 2019 aluminum prices increased in 2017 forecast of 9-13%, so China aluminum 2017-2018 earnings forecast also increased 10-47%, to 3 billion 38 million yuan and 5 billion 173 million yuan, compared with the prediction of the average market forecast 27-51%. Although Chinalco's share price has been remarkably good this year, there is still room for further growth in the winter.
The Lyon resources research group raised the 2018-2019 year aluminum price forecast to 15750 yuan and 16500 yuan per ton. In the long run, the London Metal Exchange is expected to make aluminum at $0.82 a pound.