In three of the first six months of 2024, world primary aluminium production witnessed a boost, exceeding 6 million tonnes, which drove the growth of the total H1 output, offsetting the impact of intermittent declines. According to IAI, world primary aluminium production in H1 amounted to 35.838 million tonnes, 3.89 per cent ahead of the previous year’s output of 34.495 million tonnes.
In June 2024, the world’s production stood at 5.94 million tonnes, down M-o-M by 3.19 per cent from 6.136 million tonnes but up Y-o-Y by 3.18 per cent from 5.757 million tonnes. Even in April, the output decreased M-o-M by 3.09 per cent to 5.901 million tonnes versus 6.089 million tonnes.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
