China Churns Out More Key Commodities as Economy Shows Signs of Recovery
- Crude refining and aluminum output hit records in August
- Steel production maintained as mills eye autumn demand
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Chinese output of key commodities rose in August, with both oil processing and aluminum production hitting record levels, as the economy showed further signs of recovery after a rocky few months.
Crude refining surged 20% year-on-year to 64.7 million tons as plants returned from maintenance to process the fuels needed for a busy summer of travel.