Aluminum-related stocks were strong on the morning of the 30th.
As of 9:39 a.m. that day, Sama Aluminium was trading at 35,600 won on the Korea Exchange, up 4,500 won (14.47%) from the previous session. Shares of related stocks such as Namsun Aluminum (3.63%) and Choil Aluminum (4.12%) were also rising in tandem.
With aluminum prices continuing a structural uptrend, the sector has emerged as a likely beneficiary among commodities alongside gold, silver and copper.
According to Bloomberg, on the 28th (local time), the premium on aluminum delivered to the United States topped $1 per pound for the first time ever, reaching $1.005. The premium reportedly first broke 64 cents in June 2024 after President Trump imposed a 50% tariff on imported aluminum.
A structural supply-demand imbalance is driving aluminum prices higher. According to Shinhan Investment & Securities, China, which accounts for about 59% of global aluminum supply, is capping its annual aluminum production capacity at 45 million tons under the banner of carbon neutrality and energy controls. With industry utilization already above 98%, additional supply is seen as difficult.