BEIJING : China's aluminium imports from Russia more than tripled in the first two months this year with a 266.2 per cent surge, customs data showed on Monday, as buyers eyed rising Chinese demand and after Western firms shied away from trading Russian metals.
The total value for January and February imports was $248.39 million, or an average price of $2,359 a tonne. Russia, one of the world's top aluminium exporters, is a key supplier to China, accounting for 69 per cent of China's total primary aluminium imports last year, or 667,992 tonnes, according to customs data.
Chinese demand for the metal, chiefly used in its construction and transport sectors, has risen since China abandoned its strict COVID-19 measures late last year.
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