Economy

Russia Increases Aluminum Supplies to China to Record $2.3Bln

MOSCOW (Sputnik) - Russia increased aluminum supplies to China by 1.4 times to a record $2.3 billion in January-August, a Sputnik analysis of official figures showed on Tuesday.
Sputnik
In 2019, China’s aluminum imports from Russia amounted to only $60.6 million.
Sales of copper, the second main metal in Russian exports, remained at the same level - $1.7 billion, but nickel supplies decreased to $518 million from $709 million.
Analysis
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At the same time, Russia reduced its iron and steel supplies to China by a third to $286.7 million, while simultaneously increasing exports of products from these metals by 1.8 times to $274 million.
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