Shopping Cart

China braces for aluminum import wave as coronavirus recovery upends trade

NationalPost - China’s imports of aluminum are about to hit their highest levels in a decade, traders and analysts said, as an arbitrage opportunity created by demand recovery after its coronavirus outbreak makes it cheaper to buy metal from outside the country.

China, the world’s top producer of the metal used in everything from cars to cans, normally has little need to import primary aluminum, made from alumina rather than scrap. Imports for all of 2019 totalled just over 75,000 tonnes versus output of 35 million tonnes.

This year, though, as demand in the rest of the world collapses and metals consumption in China recovers from coronavirus-induced shock, its aluminum imports are set to top 100,000 tonnes in May alone.

The draw is that Shanghai aluminum prices above 13,000 yuan ($1,800) a tonne far exceed London Metal Exchange prices of $1,500, opening an arbitrage that has Chinese buyers looking overseas for bargains.

Continue reading...

Centaurus quickly advancing Brazil nickel project
Older post
Zimbabwean government seeking to revive steel g...
Newer post

This is Photoshop's version of Lorem Ipsum. Proin gravida nibh vel velit auctor aliquet. Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum.

Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctora ornare odio. Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra. , per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felis dapibus

This is a cookie agreement request — you can customize it or disable on the backoffice. Cookies help us to provide you the best experience using our website.

Client service


We're available by phone (877) 350-0771 every day from 9 am. - 9 p.m. ET.

HOURS: Monday - Friday 8AM - 5PM
Saturday - Sunday Online
Holidays Online

(877) 350-0771

1420 Kettner Blvd #100 San Diego, CA 92101


Credit Card: Visa, MasterCard, Maestro, American Express

Back To Top
Do you like any template? Apply its settings to your store — just select the template you like and press the «Apply» button of the desirable one. Templates can be switched at any time.
Applying a new template overrides the settings. Press «Copy» and paste it into any text file to save your current settings.