-- Chinese metal exports, including aluminum and copper, are expanding amid the war in the Middle East, Bloomberg News reported Wednesday, citing the China Nonferrous Metals Industry Association.
Aluminum exports are on track to reach a record high this year, while copper is also seen to benefit from demand for clean tech products, the report said.
However, Chinese aluminum is not always available for global buyers, as the government imposes "unbelievably" high tariffs on the metal, keeping large volumes within the country, the report said.
Despite the tariffs, aluminum manufacturers have received more overseas orders since late March, Bloomberg said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)