China’s primary aluminium production begins 2024 with a 4.2% Y-o-Y growth, in line with SMM estimation

In January, the operating rate of domestic aluminium processing enterprises declined slightly, and so did the output of aluminium billets and other products in the northwest, southwest and other regions. The aluminium liquid ratio in the industry also fell to about 70.46 per cent, down by 3.7 percentage points M-o-M and 11.2 percentage points Y-o-Y. 

The aluminium ingot production volume in the said month was 1.06 million tonnes, down by 24 per cent Y-o-Y. Xinjiang, Inner Mongolia, and Yunnan were the main domestic aluminium ingot production areas, producing 590,000 tonnes, which accounted for 55.7 per cent of the total output.