China Aluminum Exports Seen Peaking as Oversupply Weighs

Aluminum shipments from China have probably peaked after surging 43 percent in the first quarter as sustained supply from the country depresses global prices and makes exports uncompetitive, according to CLSA Ltd.

Exports of unwrought aluminum and aluminum products rose from a year earlier to 1.21 million metric tons in the January-March quarter, according to a statement released by the General Administration of Customs Monday in Beijing. Shipments shrank 15 percent in March to 360,000 tons from the previous month, according to customs, as prices fell for a second month.