China’s Aluminum Smelters Boost Output to Record on High Demand
- April run-rate rises as prices surge to trade near 2-year high
- Asian nation produces more than half of global aluminum output
Metals demand in China has fared relatively well despite the travails of the real estate sector, helped by growth in new-energy sectors and exports of manufactured goods.
Source: Bloomberg
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China’s aluminum output climbed to a record to feed robust demand as manufacturing and exports power the country’s increasingly unbalanced economic recovery this year.
The world’s biggest supplier of the metal increased production by 7% from a year earlier to an average of 119,333 tons a day in April, according to data released Friday. The daily run-rate surpassed an all-time high set in September and follows months of robust output.