On April 7, 2026, the A-share non-ferrous aluminum concept saw a strong strengthening in the afternoon, with individual stocks in the sector collectively making efforts, and leading individual stocks performing outstandingly, becoming a major highlight of the capital market on that day. The core of this aluminum concept shift is the expected increase in the global aluminum market supply and demand gap, coupled with supply chain disruptions caused by geopolitical conflicts in the Middle East. Under the resonance of multiple positive factors, the sentiment of the sector continues to rise, attracting funds to actively layout.

Market Direct Strike: The concept of aluminum exploded in the afternoon, with multiple stocks following suit and sparking a wave of enthusiasm

This afternoon, the non-ferrous aluminum concept sector suddenly made a strong push, breaking the previous volatile trend. As of the close, the sector showed a general upward trend, with Yiqiu Resources strongly blocking the daily limit up and becoming the benchmark for the sector’s leading gains; Minfa Aluminum Industry, Zhongfu Industrial, Tianshan Aluminum Industry, Shenhuo Shares, Hongqiao Holdings, Xinjiang Zhonghe and other stocks rose synchronously, showing overall active performance and highlighting the profitability effect of the sector.

As the core leading stock in this market trend, Yiqiu Resources’ daily limit up performance is particularly impressive. It is reported that Yiqiu Resources closed at 3.81 yuan per share, with a daily increase of 10.12%, a turnover of 462 million yuan, a turnover rate of 5.74%, and a total market value of 8.387 billion yuan. It achieved a large volume limit up and did not open the board throughout the entire trading process, demonstrating its leading style. Its strong performance also further drove the upward momentum of other stocks in the sector. From the recent trend, the stock price of Yiqiu Resources has risen by 23.70% in the past three months, and the increase in the past year is as high as 64.22%. The long-term trend is stable. With the help of industry benefits, it has once again become a core target for capital pursuit.

In addition to Yiqiu Resources, multiple core stocks within the sector have shown active performance, forming a good pattern of “leading the rise and multiple points blooming”, further igniting market sentiment and confirming the optimistic expectations of the market for the future trend of the aluminum industry, attracting a large amount of funds to enter and layout.

Core incentive: The expected supply-demand gap is heating up, and geopolitical conflicts are becoming an important catalyst

The strong performance of the aluminum concept sector today is not accidental. The core driving force comes from the market’s expectation of the global aluminum market supply and demand gap continuing to rise, and the supply chain disturbance caused by the geopolitical conflict in the Middle East has become an important catalytic factor for this market outbreak.

On the news front, analysts have made it clear that the ongoing conflict in the Middle East and the uncertain prospects for navigation in the Strait of Hormuz directly affect the stability of the global aluminum supply chain. According to statistics, the production of electrolytic aluminum in the Middle East accounts for 9.2% of the world’s total. Currently, aluminum companies in countries such as Qatar and Bahrain have reduced production or suspended shipments. If the conflict continues to escalate and the Strait of Hormuz cannot resume normal navigation, countries such as the United Arab Emirates and Iran that rely on imported alumina may also be forced to follow suit and reduce production. By 2026, there may be a significant supply-demand gap in the global aluminum market, and the tight supply situation will further intensify.

Goldman Sachs, an internationally renowned institution, has also made a clear prediction that there will be a supply gap of about 900000 tons in the global aluminum market in the second quarter of 2026, further strengthening the market’s expectation of tight aluminum supply. It is worth noting that Goldman Sachs also added in a recent research report that if the Middle East conflict escalates further and extreme scenarios such as complete production shutdowns in Bahrain, the United Arab Emirates, and Qatar occur, the global aluminum supply gap in the second quarter of this year will expand to 2 million tons, and LME aluminum prices are expected to reach an average of $3400/ton in 2026, indicating sufficient short-term upward momentum for aluminum prices.

In addition, aluminum, as an important industrial raw material, is widely used in multiple fields such as new energy vehicles, construction, and electricity. With the steady recovery of downstream industries, the demand side will continue to release increment, further exacerbating the supply-demand imbalance and providing solid support for the rise in aluminum prices and the strengthening of the aluminum concept sector. Especially in the field of new energy vehicles, the amount of aluminum used per vehicle is significantly higher than that of fuel vehicles. Although the rise in aluminum prices will push up the costs of car companies, it indirectly drives the demand for upstream aluminum industry, further strengthening the market’s optimistic expectations for the aluminum sector.

Market interpretation: Short term sentiment boost, need to be alert to volatility risks

Industry insiders believe that the strong performance of the aluminum concept sector today belongs to a typical event driven market trend. In the short term, the supply chain concerns brought about by the Middle East conflict, combined with Goldman Sachs’ supply and demand gap forecast, have significantly boosted market sentiment. The pursuit of funds for the aluminum sector has driven individual stocks to strengthen, especially leading companies in the recycled aluminum industry and core enterprises, which have gained favor from funds based on their own advantages.

However, it should be noted that Goldman Sachs also pointed out that the global demand for primary aluminum in 2026 will only increase by 0.1% year-on-year, far lower than last year’s 2.7%. The slowdown in demand may offset the impact of some supply shortages, and aluminum prices may fall in the medium and long term. In addition, the current market’s speculative net long position in aluminum prices has been at the 95th percentile of the past five years, and the extremely bullish pattern also limits the space for further price increases. The aluminum concept sector may experience fluctuations in the future with the progress of geopolitical conflicts and changes in supply and demand data. Investors need to remain rational and alert to related risks.