Industry News

China’s economic stimulus reflects success in automobile production and sales, boosting aluminium consumption

Views : 49
Update time : 2024-10-23 14:25:46
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.

 

Related News
Read More >>
Hindalco signs MoU to invest ₹15000 crore in aluminium capacity expansion in Madhya Pradesh Hindalco signs MoU to invest ₹15000 crore in aluminium capacity expansion in Madhya Pradesh
Feb .25.2025
Hindalco signs MoU to invest ₹15000 crore in aluminium capacity expansion in Madhya Pradesh
EU expands sanctions on Russian aluminium: industry calls for closing loopholes EU expands sanctions on Russian aluminium: industry calls for closing loopholes
Feb .25.2025
EU expands sanctions on Russian aluminium: industry calls for closing loopholes
Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed
Feb .25.2025
Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed
Alba announces Ma’aden as a major shareholder Alba announces Ma’aden as a major shareholder
Feb .25.2025
Alba announces Ma’aden as a major shareholder