China will import more than 1m tonnes of aluminium a year by the end of the decade, according to forecasts from CRU, a leading commodities consultancy.
In a report on the long-term outlook for the metal, the consultancy predicted that the appreciation of the renminbi, combined with higher prices for energy, labour and raw materials, would make China’s vast aluminium industry less competitive.
The future role of China in the aluminium market is a subject of heated debate among analysts, traders and producers.
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