China’s economic stimulus reflects success in automobile production and sales, boosting aluminium consumption
Commercial revival in the Chinese market during September 2024, driven by the economic stimulus package, is mirrored in the robust growth in car sales, including battery-electric vehicles and plug-in electric cars. Enhanced vehicle trade-in policies have also had beneficial effects on domestic car sales and production, as highlighted by the Shanghai Metals Market survey.
The increase in vehicle production, particularly electric cars, indicates a potential rise in aluminium consumption as a key element used in the production of automobile components.
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