Alumina production in Europe (incl. Russia) marks 4.76% Q-o-Q influx with a bearish outlook for 2023's end

During Q3 2023, the total alumina produced in Europe (incl. Russia) amounted to 1.650 million tonnes, which plummeted by 319,000 tonnes or 16.2 per cent from 1.969 million tonnes marked in Q3 2022.

International Aluminium Institute (IAI) claims alumina production in Europe (incl. Russia) during Q2 2023 was 1.590 million tonnes, which accelerated to 1.650 million tonnes in Q3 2023, gaining 60,000 tonnes or 3.77 per cent.

The total world alumina production in 2022 stood at 142.227 million tonnes, from which only 5.78 per cent could be attributed to Europe (incl. Russia). In 2022, alumina production in Europe (incl. Russia) was 8.219 million tonnes.

Similarly, the world production of alumina during Q1, Q2 and Q3 2023 was 106.012 million tonnes, within which Europe (incl. Russia) accounted for only 4.53 per cent. In the first three quarters of 2023, the alumina production in Europe (incl. Russia) halted at 4.806 million tonnes.