G20

Aluminium chiefs lobby G20 over China glut

An international coalition of aluminium trade associations has called for the creation of a global forum ahead of the G20 meeting in Hamburg this summer to tackle China’s soaring output.

Russian businesses, hit hard by Chinese production, are also backing the initiative by trade groups from the US, Europe and Canada that represent companies including Rio Tinto and Alcoa.

“This situation not only significantly distorts international trade flows affecting all of our countries but also undermines global stability,” the three trade bodies said in a letter to G20 leaders.

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