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A metal stock yard in Shanghai, China, on Thursday, June 16, 2022. Chinese aluminum output hit an all-time high last month, while steel production rose to its strongest in a year, as industrial activity rebounded from the worst of the virus restrictions imposed in April. Photographer: Qilai Shen/Bloomberg via Getty Images

A metal stock yard in Shanghai, China, on Thursday, June 16, 2022. Chinese aluminum output hit an all-time high last month, while steel production rose to its strongest in a year, as industrial activity rebounded from the worst of the virus restrictions imposed in April. Photographer: Qilai Shen/Bloomberg via Getty Images