China Auto Sales Decline 2.4% in November

(China Aluminium Network) China auto sales declined by 2.4% in November. China produced a total of 1695000 vehicles in November and sold a total of 1656000 vehicles.

Aluminum is majorly used in automobile production. The decline in the automobiles is expected to remain in the December period as well; this will be because of the demand slowdown on lower liquidity. LME Aluminium warehouse stocks have been continuously growing. The warehouse stocks have increased by 13% or 550500 tons to 4825475 tons in December.

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