|
Mumbai 16 Apr (Commoditiescontrol): China's primary aluminum output experienced a 7.4% year-on-year increase in March, reaching 3.59 million metric tons. Higher demand and rising prices have boosted industry profits significantly.
Demand stemming from a rebound in China's manufacturing sector has been a key driver of the price rally. Supply concerns in the Yunnan province have also
contributed. As a result, average profit margins for the aluminum industry soared in March.
The first quarter of 2024 saw China produce 10.69 million tonnes of aluminum, representing a 6.8% increase from the previous year. Increased production was also
seen across other nonferrous metals.
(By Commoditiescontrol Bureau; +91-9820130172)
|
0 Comments 
Post Comment 
