Modifications take effect on December 1.
Export Rebate Adjustment Causes Fluctuations to Global Aluminium Supply Chain
China has revealed significant modifications to its export rebates for aluminium and other products, which took effect on December 1st, 2024. This announcement has caused considerable fluctuations in the global market.
Aluminium materials produced on or after December 1st, 2024, will experience fluctuations by up to 13%. Across the globe the spot price has risen and is forecast to continue increasing in early 2025. Although it mainly impacts imported aluminium, it will affect locally produced Australian aluminium to a lesser degree.
Market prices will reflect these fluctuations on all future quotes. Any quotes not valid, we recommend requesting an updated quotation to ensure any fluctuations are passed on where possible.
Due to our large stock holdings, BLUECHIP is uniquely placed to assist with this transition and where possible BLUECHIP will absorb as much of the fluctuations as we can. However, due to the reasonably large adjustment of up to 13% some of this will need to be passed on.
We recommend taking advantage of any current quotes that are still valid to lock in prices while stocks last before January 1st, 2025.
Should you have any questions or wish to explore how this might impact your current projects, please feel free to reach out to your local Bluechip representative.
Warm regards,
BLUECHIP Group Pty Ltd