Press Metal Aluminium Holdings surged 18% in the March quarter to become the best performer on Malaysia’s benchmark stock index.

Even the world’s largest producer - China - seems to be running short of aluminum.

Consultancy CRU previously estimated a total of 100,000 tonnes of annual aluminum production may be cut as a result of the Inner Mongolia restrictions.

The European Union has imposed duties on aluminum products imported from China after an investigation showed that they were being sold at unfairly low prices.

It is ironic that aluminum, a metal so central to the green revolution, risks not being able to grow sufficiently because of the pressure to decarbonise.

The Suez Canal blockage is threatening to intensify a rare shortage of aluminum products crucial to the transport and construction industries.

TES’s multi-million-dollar facility has the capacity to recycle up to 14 tonnes or the equivalent of 280,000 lithium-ion smartphone batteries a day.

China is considering selling about 500,000 metric tonnes of aluminum in a move that would help cool the market and meet the country’s emissions objectives.