According to the International Aluminium Institute, Africa & Asia’s alumina output in May recorded a significant growth of 12 per cent over a month, reaching 1.117 million tonnes. Annually, the production increased by 3.43 per cent from 1.080 million tonnes.
However, despite the positive trend, May production lagged behind January, February, and March output by about 10 per cent, 5 per cent, and 8 per cent, respectively.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
