Is aluminium still underpriced in the infrastructure trade?

AI chips get the headlines, copper gets the macro crowd, but aluminium feels like it’s sitting quietly in the middle of the same buildout.

Grids, renewables, transport, lightweight materials: all of them need aluminium. Hongqiao is interesting here because it already has scale, upstream supply exposure, and lower-cost production capacity tied to Yunnan’s cleaner energy base.

Still, for a materials investor, I think 1378.HK is worth watching as a less crowded infrastructure angle.