Coronavirus affected China’s aluminium sector gets breathing space from Mask frenzy
China’s intensely drive production of mask in the spread of the coronavirus epidemic is on course to ingest more than the weight of the Eiffel Tower in aluminium for this year.
China by the end of February’20 produced face masks at the rate of 116 million per day. The capacity of aluminium required in the metal nose clips of a few popular models can extend to 1,305 tonnes in a 30 day month.
The lasting of the epidemic coronavirus is still unclear and the annualised consumption rate of almost 16,000 tonnes can adequately overshoot the total weight of 10,100 Eiffel Tower, which was built using the iron.
The demand from the masks will hardly reduce the annual aluminium consumption in China, the world’s leading producer and user of the metal found in cars to cans, which is around 36 million tonnes.
Shanghai aluminium prices are deteriorating near one-year lows as a result of the deadly attack of Coronavirus, which has hit demand from manufacturing plants.
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