China aluminium exports may fall
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Aluminium exports from China, the world’s biggest producer of the lightweight metal, will probably drop next year to the lowest since 2002 as domestic demand grows and export taxes curb overseas sales. Net exports of primary aluminium may fall to 70,000 tonnes from an estimated 85,000 tonnes this year, according to the median estimate in a Bloomberg survey of four analysts and a trader. That compares with 548,000 tonnes last year and peak of 625,000 tonnes in 2005, figures from CRU International Ltd show.
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Source : Business Line |
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