Since this year, the price of some industrial products and raw materials has increased significantly in China. Aluminum prices also increased sharply, which result in high costs that added intense pressure to downstream enterprises.
However, the enterprises that profit from processing fees have got a lot of advantages because of the influence of the new energy vehicle market.
The demand for aluminum foil sharply increased; therefore, the majority of aluminum foil enterprises started to transfer their ordinary production lines to aluminum foil production lines for batteries used in new energy vehicles.
New energy vehicle market drives aluminum foil demand
22 Sep 2021 16:44 reported by Henry Zhao
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