China's alumina exports nearly doubled, leading to oversupply concerns and government intervention
From Yahoo Finance: 2025-04-23 07:05:00
China’s alumina exports reached their second-highest level in March at 300,000 tonnes, doubling from the previous year. Oversupply is expected to continue, with Russia as the largest recipient at 48%. The Chinese government is taking steps to curb over-investment in the alumina sector due to haphazard expansion.
In a separate development, China has advised South Korean companies against exporting products with rare earth minerals to US defense firms. China, a major producer of rare earths, has imposed export restrictions in response to US tariffs. South Korea has more than six months’ worth of stockpiles for some restricted rare earths.
South Korean officials are preparing for tariff discussions with the US, while China warns countries against economic agreements with the US that could harm its interests. The US has limited rare earth stockpiles, prompting China to impose export restrictions. Professional advice is recommended before taking any actions based on the content provided.