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China Aluminium output in May Up By 2.4% YoY – NBS

Metal News - Published on Tue, 18 Jun 2019

Image Source: Yahoo Finance
Reuters reported that China's aluminium production rose by 2.4% in May from a year earlier, according to data released by the National Bureau of Statistics, as smelters that restarted due to higher prices for the light metal continued to ramp up output. NBS said that the world's top aluminium producing country churned out 2.98 million tonnes of the metal last month That was up 2.1% from 2.92 million tonnes in April. On a daily basis, output averaged around 96,129 tonnes in May, according to Reuters calculations, down from 97,200 in April, which had one day fewer.

In the first five months of the year, China produced 14.45 million tonnes of aluminium, a rise of 2.7% from the same period last year, the data showed.

China's imports of alumina, raw material for the light metal, doubled in April to 60,000 tonnes, according to customs data, and traders expect imports to rise further in May and June due to plant closures in Shanxi province. Meanwhile, production of ten nonferrous metals including copper, aluminium, lead, zinc and nickel rose 2.2% from a year earlier to 4.74 million tonnes, which was flat to April.

Nonferrous output for the first five months of the year was up 4.0 percent at 23.41 million tonnes. The other non-ferrous metals are tin, antimony, mercury, magnesium and titanium.

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Posted By : Ratan Singh on Tue, 18 Jun 2019
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