Commercial revival in the Chinese market during September 2024, driven by the economic stimulus package, is mirrored in the robust growth in car sales, including battery-electric vehicles and plug-in electric cars. Enhanced vehicle trade-in policies have also had beneficial effects on domestic car sales and production, as highlighted by the Shanghai Metals Market survey.
The increase in vehicle production, particularly electric cars, indicates a potential rise in aluminium consumption as a key element used in the production of automobile components.
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