Aluminum And Steel Could Peak In China As Coal Is Fazed Out

  • Date: 14-Jun-2021
  • Source: Yahoo News
  • Sector:Economy
  • Country:Gulf
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Aluminum And Steel Could Peak In China As Coal Is Fazed Out

China's steel and aluminum market is undergoing a quiet revolution.

It's not a revolution of investment or innovation.

According to Reuters, Beijing's target of peak coal use by 2030 is asserting a dampening effect on new steel mill and aluminum smelter investment.