China annihilated the US aluminium industry
Five charts to start your day
China has dramatically outpaced the US aluminium industry, reducing America's global market share from 30 per cent in 1980 to just 1 per cent today. As one industry executive bluntly stated to the Financial Times, "China annihilated us" leaving the US with only four operational smelters compared to 34 in previous decades. Take a look at the chart below to see just how dramatic this change has been.
