Aluminum prices on the LME (London Metal Exchange) rose more than 8% last week, after China’s Ministry of Finance announced that it will eliminate the 13% tax rebate for aluminum exports as of December 1. This will have repercussions on the global aluminum market. In the short term, the cancellation of the rebates will make Chinese aluminum more expensive on the international market and could reduce export volumes. Over the past two decades, Chinese aluminum exports have increased significantly.
Experts point to this rise as a strategy by the Chinese to demonstrate their crucial role in global markets and their ability to influence prices and demand. Donald Trump’s victory has already triggered trade tensions and China will use its position as leverage in trade negotiations.
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THE PRICE OF TINPLATE IN THE CHINESE MARKET IS EXPECTED TO CONTINUE TO FLUCTUATE.
ALUMINUM AND COPPER PRICES TO FALL BY THE END OF THE YEAR�
ALUMINA LIMITED BELIEVES THAT THE OUTLOOK FOR THE ALUMINUM MARKET WILL BE OPTIMAL IN THE MEDIUM TERM.
INTERNATIONAL GEOPOLITICS DRIVES UP THE PRICE OF ALUMINUM
