CHINA AUTO: March output gains of 72% support metal prices
Published: Tuesday, 13 April 2021
Chinese automotive production jumped by 71.6% annually in March to 2.462 million units, providing strong support for upstream metal prices.
The China Association of Automobile Manufacturers (CAAM)
attributed the strong recovery in automotive output to the
government’s efforts to control the Covid-19
Output was also 63.9% higher than that in February, indicating
steady growth in industrial operations after the Chinese New
Year holiday in February.
Vehicle sales totaled...