The downfall was contributed by both South America and North America, except that the former saw month-on-month and year-on-year decline, unlike North America, wherein the alumina output only decreased on a year-over-year calculation and edged a rise month-on-month. However, the intensity of the annual downfall in North America was much higher than in South America.
According to the International Aluminium Institute data, alumina production in South America during January 2024 amounted to 1.015 million tonnes, down by 5.76 per cent month-on-month from 1.077 million tonnes and 1.74 per cent year-on-year from 1.033 million tonnes. However, despite the decline, alumina production in South America managed to stand above 1 million tonnes in January 2024.
LME clamps down on traders profiting from Russian aluminium amid sanction compliance
