MUMBAI (Commodity Online): Base Metal manufacturers across the world could be turning towards China for its profit margins, as the Dragon country is all set to become the biggest auto market in the world this year.

Auto experts in China believe vehicles to the tune of over 13 millions could be sold in China alone making it one of the largest and booming sectors. International experts couldn’t agree more.

According to Secretary General of the Joint Advisory Committee of China Passenger Car Market, Rao Da, auto sales in China has already surpassed 10 million units.

The sales zoomed after the Chinese government scrapped ban on sale of mini car and also due to the fact that many global manufacturers have already entered China and are competing with the domestic players in terms of not only technology but also price.

Surveys have showed that Chinese buyers are fond of SUV and MUV but the government policy dictated otherwise. Now that newer models are in place, there is a large buying spree.

Metals like steel, nickel, Zinc – mostly used in the auto sector – will demand premium once China’s car sales zoom. China is closely followed by countries like India where a growing middle class is demanding more from their disposable income.

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