Aluminium consumption in China’s automotive industry is expected to reach 10.7 million mt by 2030, with a compounded annual growth rate (CAGR) of 8.9% between 2018 and 2030, according to Tao Zhimin, auto sheet project manager at Nanshan Aluminium.

The substitution of recycled aluminium for primary metal is “constant in the long term”, given the advantages of recycling in costs and environmentally-friendliness, said Racket Hu, vice president of SMM.

SHFE nonferrous metals rose across the board on Friday, as market sentiment was rallied after China’s Ministry of Finance pledged to make an early allocation of the special-purpose bond quotas for transportation infrastructure construction. 

Prices of prebaked anode in China, an essential material used in aluminium smelting, will face further downside risks after April as a negative impact on demand from the COVID-19 outbreak continues to weigh on prebaked anode profits.

Crude oil prices jumped on Thursday, following their biggest-ever quarterly losses, as US President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war.

The impact from the coronavirus pandemic on China’s aluminium exports is mounting as greater part of the world comes under lockdown to stop the spread of the virus. On Wednesday, Vietnam, a major buyer of Chinese aluminium, entered into a 15-day period of nationwide isolation. Residents are required to stay at home and can only go outside for “essential needs,” such as food, medicines, urgent medical services or to go to work at companies permitted by the government to remain open.

Shanghai base metals opened mostly higher on Wednesday morning, as Beijing said that it will roll out a set of fiscal and financial policies to expand domestic demand, assist businesses reopening, sustain employment, and help all types of businesses to weather this difficult time.

China’s nickel ore imports from the Philippines, one of the major sources of ore supply, could be badly hit in April as the Philippines has suspended all mining operations in its nickel mining hub...

Prices of light and medium-to-heavy rare earth products mostly declined last week as the widespread COVID-19 overseas weakened investors’ prospects for demand and kept domestic consumers from...

China’s exports of consumer batteries showed signs of softening amid reduced overseas demand and COVID-19 lockdowns as the outbreak escalated in the European countries, the US, India and South Africa