Key Takeaway From LME Week: China Fights Back By Upgrading Alumina And Primary Aluminium Trade With Russia

Published: Oct 11, 2023 10:25 (GMT+8)

Source: SMM

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SHANGHAI, Oct 11 (SMM) – The ongoing 2023 SMM LME LONDON EVENT, being held at ST. Pancras Renaissance Hotel London, Euston Rd., London NW1 2AR, has brought together major industry players and commodity experts to share their valuable insights and unique perspectives on new energy and base metals outlook. We have invited Andy Home, a columnist for Reuters, to share his views. And please stay tuned for more insights we have to offer from the LME Week.

China imposes from Aug 1 restrictions on exports of gallium and germanium products used in semiconductor manufacturing after U.S. restricts semiconductor exports to China. The CHIPS and Science Act excludes any entity transacting with China and other “countries of concern”

China and Russia have become close trading partners in the aluminium space, China exporting alumina to Russia and importing more Russian primary metal.

LME Week: Which Metal Has The Most Upside Potential For 2024? Majority (Including Citibank) Bets On Copper

Key Takeaway From LME Week: China’s Sustained And Rapid ODI Growth Will Add 11% To Demand For Steel, 46% More Demand For Copper And 55% More Demand For Aluminum

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