20 Hrs
Source:
الاقتصادية
China's exports buffer Iran's aluminum conflict
The article concerns China's increased aluminum exports during the first half of 2026, particularly of semi-finished products and alloys, to compensate for the decline in domestic demand resulting from a slowdown in the construction sector and a weakened internal market. Exports of raw metal rose by 32%, while alloy exports surged by 238%. This development was driven by the US-Iran conflict, which caused disruptions in Gulf exports, prompting China to bolster its aluminum exports to alleviate pressures on global supply chains. Although China imposed a 30% export duty on raw aluminum, its exports of finished products increased significantly, leading to an oversupply in the global market and impacting prices, which dropped from their four-year highs. This shift has altered the market dynamics, providing Western countries with alternative processed products. However, it may also incur long-term economic costs for Western manufacturers.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)