China’s aluminum semis output up in March
Apr 27, 2009 | 09:55 AM
China's aluminum semis output rose last month amid improved demand from the Chinese domestic market.
March output totaled 1.23 million tonnes, up 29.8 percent from the previous month and 18 percent higher than in March last year, according to the most recent statistics from China's Nonferrous Metals Industry Association.
"The production gains mainly came from an increase in demand from the Chinese domestic market—both the real estate and automobile industries—rather than rises in exports," a Shanghai-based trader said. "Thanks to Beijing's stimulus policy and expectations of economy recovery, we've done some more business in the downstream automobile and housing....
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