TOKYO -- The Russian invasion of Ukraine has upended the global aluminum market, transforming China into an exporter as supplies of the energy-hungry metal flow to Europe where it fetches higher prices.
Shortage of metal in Europe creates global arbitrage opportunity
Workers walk through an aluminum ingots depot in Wuxi, a city near Shanghai. © Reuters
TOKYO -- The Russian invasion of Ukraine has upended the global aluminum market, transforming China into an exporter as supplies of the energy-hungry metal flow to Europe where it fetches higher prices.