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China says it will impose tariffs on 128 U.S. exports, including pork and fruit
- londons_explore 9y agoScrap aluminium is an interesting one. Aluminium is effectively "solid electricity". The main cost of producing aluminium is electricity. Having a ship a week full of aluminium going from the USA to China full of aluminium is equivalent to an undersea electricity cable as far as electricity markets are concerned. Given all that, it suggests that China might have an electricity surplus, but see USA aluminium exports (produced by cheap fracking gas leading to cheap electricity) as unwelcome competition.