CHINA AUTO: March output gains of 72% support metal prices

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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 pandemic.

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...

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