Commodities
China Metals Demand Gets Lift as Iran War Spurs Export Boom
Shipments of aluminum products from the world’s main manufacturing hub are on track to hit a record this year.
Photographer: Qilai Shen/BloombergMetal exports from China, especially aluminum, are getting a significant lift from the war in the Middle East, which has cut regional supplies while boosting demand for clean-tech products as fossil fuel prices soar.
Shipments of aluminum products from the world’s main manufacturing hub are on track to hit a record this year, the country’s top industry association has forecast. At the same time, copper — used in clean-tech products such as batteries — also stands to benefit from the shift.