Aluminium & China

Aluminium: Aluminium prices rose about one-third between January 2025 and April 2026.

China: China's export controls on rare earths threaten $6.5 trillion in global downstream production, highlighting its dominant role in refining.

Aluminium: The Iran war disrupted aluminum shipments, leading to increased Chinese exports of the metal, benefiting Chinese aluminum producers.

China: China's exports beat expectations, reinforcing its role as a key growth driver. The strong trade data may support the yuan and reduce urgency for domestic stimulus, but also risks escalating trade tensions with partners.

Aluminium: Key sector targeted by tariffs, affecting producers and manufacturers.

China: Canada signed a preliminary EV import agreement with China, part of diversification efforts.

Aluminium: Sector affected by existing US tariffs, with Canada seeking relief. The deal may address these tariffs.

China: China is referenced as a rival and a country that retaliated against US tariffs. Its role is peripheral but relevant to US trade strategy.

Aluminium: Higher aluminium prices contributed to increased input costs for Ola Electric, affecting profitability. The company cited commodity cost inflation as a challenge.

China: China's lithium supply constraints contributed to higher commodity costs for Ola Electric, impacting margins. This highlights supply chain dependencies in the EV battery industry.

Aluminium: Aluminium imports into the United States are subject to adjusted national security tariffs, with rates varying based on commodity or derivative product content.