Page 16 - Two Session News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Aluminium: China’s march towards ‘net-zero’ flips market expectations Beyond the macro story, aluminium has found some fresh momentum Aluminium has fared well this year, with LME 3M prices gaining over 13% year-to-date. The market seems to have shrugged off stock building in China and is focusing on the positives. Yet, we currently don’t expect a shortage for 2021 as a whole. So what’s behind the recent strong performance? 1. We discussed some of the macro drivers in a recent note on the commodities bull run, focusing on copper. Aluminium shares the same narrative on future demand f...

In recent years, China, under President Xi Jinping, has seen substantial growth and sought a greater leadership role in world affairs. New equations have emerged domestically as well. As Xi fortifies his hold over the Chinese Communist Party (CCP) and the country, repressive policies in Tibet and Xinjiang and excessive curbs on academic freedom can pose potential political threats. At the same time, issues like ecological degradation and widening wealth disparities may add to Xi’s challenges. How Xi and the CCP aim to navigate these flashpoints will have a significant bearing on the future ...