IAI: Global primary aluminum production grows in Aug
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Update time : 2020-09-23 19:37:04
According to statistics released by the International Aluminum Institute (IAI), global primary aluminum production totaled around 5.49 million tons in August, growing by 2.4% compared to the same month a year ago.
Miles Prosser, the secretary general of IAI, said that global aluminum demand was expected to slide 5.4% year on year in 2020, mainly due to the COVID-19 epidemic.
However, the medium-term demand was also foreseen to grow strongly, which will be driven by the government’s investment in some industries such as infrastructure, construction, automobile, and so forth.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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