The largest Chinese aluminum producer is on its way to new markets to escape the fees

The head of the largest special business that produces aluminum in China is looking for sales in alternative markets, with customs duties rising on the minerals of the big Asian power. Changu Bo, chairman of the Board of Directors, said the company focused on the signed countries on the “Belt and Road” initiative led by Beijing, as well as emerging markets in the Middle East and Southeast Asia, to increase its exports. He expected domestic demand for aluminum to grow by about 2.5% this year. China enterprises and customs fees added: “In the midst of customs lights and dumping policies imposed by some countries on aluminum, our business is actively working to explore these markets,” note that versions of high -quality metal are developed. Aluminum, together with steel, was one of the minerals targeted by the 25% comprehensive customs duties imposed by US President Donald Trump. It is alleged that the strict position in the White House is driven by the fear that China is drowning the market, which will harm the local sector. Although China’s exports from aluminum to the United States only represented up to 6% of its total external sales, the world’s largest economy still has a ‘strong’ demand for Chinese products, according to Zhang. He pointed out that the use of aluminum in the auto industry will be one of the most important sales growth engines, which is expected to increase demand by 15%.