BEIJING : China's aluminium imports in 2022 fell 25.6 per cent from a year earlier as COVID-restrictions reduced consumption amid record high domestic production.
That compared with 3.2 million tonnes in 2021, a record year of shipments amid domestic supply disruptions caused by strict restrictions on industrial users. Economic growth in the world's second-largest economy in 2022 slumped to one of its worst levels in nearly half. Rising domestic supply lowered demand for imported material and weighed on domestic prices, resulting in unfavorable import conditions last year, traders said.That came after China abruptly abandoned its zero-COVID policy and sparked hopes of rising demand for industrial metals.
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