Aluminium Deutschland is the association of the aluminium-producing and processing industry in Germany.
The President of Aluminium Deutschland, Rob van Gils, emphasised, "High energy costs and the overall tense economic situation in Germany continue to hit manufacturers hard. Demand from important customer industries - especially from the construction industry - remains at a low level. Added to this are the weak registration figures for electric cars as a result of the federal government's overnight cancellation of funding."
The production of recycled aluminium saw a significant decline despite its critical role in Europe's decarbonisation efforts and the associated market potential. Germany produced 685,000 tonnes of secondary aluminium from January to March, marking a 7 per cent decrease.
In the first three months of this year, producers of semi-finished aluminium products experienced a significant decline in volume, with some cases falling by double digits. The total production was just over 571,000 tonnes, marking a 6 per cent decrease. Among these, manufacturers of rolled products saw a relatively moderate decline of 5 per cent, producing around 448,000 tonnes. On the other hand, the production of extruded products experienced a much sharper drop, falling by 13 per cent to just under 124,000 tonnes.
Aluminium stocks at Japanese ports drop 9% Y-o-Y in August, highlighting ongoing supply issues in Asia
