34 days ago • Posted by William Ramstein

Aluminum nears 2018 highs as Chinese trade data shows momentum

China’s export momentum remained strong in March after record gains in February, while imports topped expectations, customs data showed Tuesday. The figures suggest the global economic rebound is helping spur demand in Asian nation, the biggest base-metals consumer. Aluminum demand is rising just as China’s push to cut carbon emissions spurs expectations that aluminum-supply expansions will be curbed.

Source: Bloomberg