Coronavirus, China, Baise: How Lockdown In This Chinese City Led To Surge In Aluminium Prices

Baise was locked down Monday, leaving most of its residents under home confinement. Beijing, China: The Covid lockdown this week of a relatively unknown Chinese city sent global prices of aluminium rocketing to a 14-year high. Why did the outbreak in Baise spark fears around the world about the key metal? Where is Baise? Located near the border with Vietnam, Baise is nicknamed the “aluminium capital of southern China”. Home to around 3.5 million people, Baise is a hub for aluminium mining and production. It produces about 2.2 million tonnes of the commodity per year — more than 80 percent…