Aluminum Jumps to Highest Since 2018 on Strong China Trade Data
- China’s March trade data showed strong export growth
- Report brightens outlook for demand as economies recover
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Aluminum surged to the highest in almost three years, leading gains in base metals as Chinese trade data buoyed the outlook for demand.
China’s export momentum remained strong in March after record gains in February, while imports topped expectations, customs data showed Tuesday. The figures suggest the global economic rebound is helping spur demand in Asian nation, the biggest base-metals consumer.