on exports of aluminum semi-manufactured products caused market mayhem on Friday and may have major long-term ramifications for the global aluminum supply chain.
The country’s exports of semi-manufactured products such as bars, sheet and tubes totalled a massive 5.2 million tons in 2023. They will be higher still this year. Outbound shipments grew by 17% in the first nine months of 2024. Removing the tax export booster may be a pre-emptive concession at a time when the diplomatic heat is rising.
Yet China is going to need more aluminum, a metal that is closely tied to the clean energy revolution in the form of packaging for solar panels and electric vehicle bodies.
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