Till now, China is absolutely the leader in global aluminum industry. In 2023, China's aluminum exports reached 5.287 million tons, accounting for about 35% of the total global trade.
Re capacity, China has the absolute advantages. Its primary aluminum production accounts for 59% of the world's total, aluminum profiles accounts for about 66%, electrolytic aluminum accounts for 60%, and smelted aluminum accounts for nearly 60%.
From the data of USGS, the output of China's melting aluminum was ten times of the top 2 India. The total output of other countries in the world accounted for only 70% of China's.
As an extremely important basic resource, aluminum products play a key role in the construction, rail transportation, automobile, cable and other industries. Due to the super status of Chinese aluminum products in the world, almost all countries cannot do without China's aluminum products.
In recent years, US has imposed various trade measures to forbid the import of Chinese aluminum products. But, it still remains the world's largest buyer and the world's largest importer of Chinese aluminum products.
Electrolytic aluminum is a "power-consuming behemoth" in aluminum industry chain, which has seriously restricted the development of aluminum industries in other countries and regions. Based on Chinese aluminum exports last year, at least 740GW of electricity was consumed, which is equal to the total PV installation of China by the end of this September.
The power supply is insufficient and the energy crisis has emerged. China's reduction in aluminum exports means a large number of chain reactions for countries around the world, and the subsequent re-evaluation of China's industrial capabilities.
