Industry News

Revived momentum in H2 2023 global primary aluminium production propels annual output above 70 million tonnes

Views : 133
Update time : 2024-01-29 16:12:11
The world primary aluminium production has recorded an annual increase of 2.25 per cent for 2023, reaching 70.593 million tonnes at the end of December, found the International Aluminium Institute (IAI). However, compared to the previous year, the growth rate has decreased in 2023. In 2022, the global output had grown by 3 per cent to stand at 69.038 million tonnes, from 67.092 million tonnes in 2021.

In December 2023, the world primary aluminium production stood at 6.04 million tonnes, bringing the H2 output at 36.08 million tonnes, up by 4.58 per cent from 34.5 million tonnes in H1.  That represented the fact that the global primary aluminium production gained momentum during the second half of 2023 as the energy crisis in Europe eased leading to production resumption at many smelters.

AL Circle's latest report "Global Aluminium Industry Outlook 2024" has shared an analytical trend of the  primary aluminium production across the major producing countries in 2023 and an in-depth forecast for 2024.

The world primary aluminium production in December rose 3.25 per cent month-on-month from 5.85 million tonnes and grew 2.03 per cent year-on-year from 5.92 million tonnes, showed IAI. The daily average production during the said month was 194,900 tonnes, which was however, slightly down from 195,000 tonnes in the previous month.

Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices