Industry News

The ongoing geopolitical issue between the United States and its allies with Russia over Ukraine has caused uncertainty in the global aluminium sector. The Russian aluminium industry is vital to the country's defence industrial base, and while economic sanctions have been imposed on Russia, none have targeted the aluminium sector until now. In 2018, sanctions were placed on the Russian aluminium giant, Rusal, causing the aluminium market to be shocked and prices to soar.

During January-February 2023, Malaysia ranked first among unwrought aluminium alloy exporters to China

According to the Shanghai Metals Market, Malaysia, Thailand, Vietnam, South Korea, and Pakistan were the five top suppliers of unwrought aluminium alloy to China during January-February 2023. China imported 168,900 tonnes of unwrought aluminium alloy in the first two months of the year, a 39,500 tonne or 18.9% reduction from the same period last year.