China's Alumina Export Boom: A Seven-Year Record!

In a stunning surge, China's alumina exports have reached unprecedented heights, marking the second-highest monthly shipment levels ever recorded! March saw overseas sales of this key aluminum smelting ingredient more than double compared to last year, soaring to an impressive 300,000 tons, according to the latest figures from Chinese customs.

This remarkable uptick in exports highlights China's growing surplus of alumina, and experts predict that this trend will continue for several months. For context, the only time shipments exceeded this level was back in October 2018, amidst significant global disruptions like refinery cutbacks in Brazil and U.S. sanctions impacting major players like United Co. Rusal International.

As the global demand for aluminum rises, China's expanding alumina exports could reshape market dynamics and influence international pricing. Keep an eye on this developing story as it stands to impact industries worldwide!