Recent market data indicates a positive trend in the Aluminium Wire (Copper Cladded) sector across major Asian markets, with price increases and growing demand observed in China, Vietnam, and South Korea. In China, the first half of July saw a x.xx price increase for Aluminium Wire (Copper Cladded), reaching USD x,xxx per metric ton FOB Shanghai.
China鈥檚 uptick is attributed to several factors, including favorable government policies and increased demand from the automotive sector. The implementation of vehicle trade-in incentives and the promotion of New Energy Vehicles (NEVs) in rural areas have boosted demand for this material. Auto sales data reflect a xx increase in volume, directly impacting the need for Aluminium Wire (Copper Cladded). Furthermore, China&#xx;s recent decision to double subsidies for electric vehicles purchased as replacements for older cars is expected to further stimulate demand. This move is part of a broader...
