Citi released a research report stating that it has updated its model for China Aluminum Corporation (02600.HK) to reflect the latest aluminum and alumina price forecasts, and has raised its net profit forecasts for China Aluminum for 2025, 2026, and 2027 by 2%, 4%, and 7% to RMB 14.0 billion, RMB 19.1 billion, and RMB 21.9 billion, respectively. The H-share price target has been raised from HKD 12.41 to HKD 15.94. Citigroup expects Chinalco to benefit from persistently rising aluminum prices and aluminum profit margins, and maintains its “Top Pick” recommendation.