The daily average domestic aluminium production recorded a drop of more than 3,800 tonnes month-on-month to stand at around 114,900 tonnes in December. Although domestic operating capacity increased slightly over a month, the electrolytic cells in Yunnan that were shut down previously no longer produced aluminium liquid.
The annual domestic output of 2023 experienced a rise of 3.6 per cent, found SMM.
In December 2023, the domestic aluminium liquid alloying ratio remained high, except for some smelters in Inner Mongolia, Qinghai, and other regions that saw an increase in the proportion of ingots. According to SMM, the proportion of aluminium liquid alloying in the aluminium industry increased 0.7 points M-o-M to around 74.1 per cent in December.
The total amount of aluminium ingot produced in 2023 was nearly 12.06 million tonnes, up by 11.3 per cent year-on-year.
