China’s primary aluminum production increased in May and exports fell

At the same time, the country announced that it intends to reduce its aluminum exports to the world market at a regular rate.

China is the largest producer and exporter of primary aluminum in the world, so its decision to reduce exports will be an important decision in the global aluminum market. According to Chinese aluminum industry officials, the purpose of reducing exports and stockpiling primary aluminum will be to control the market price of the metal.

Aluminum prices on the London Metal Exchange have been falling sharply since late April this year. Officials in the aluminum industry in China have stated that the purpose of reducing the supply of aluminum to the world market will be price control.